China said to prepare next round of state-enterprise reform, 10 cos set to sell stake

China said to prepare next round of state-enterprise reform, 10 cos set to sell stake

China is set to kick off the second round of state-enterprise reform, with as many as 10 companies from CRRC Corp. to China National Nuclear Corp. preparing proposals to sell stakes in their units as part of the government’s drive to diversify ownership.

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