China Continues Mixed-Ownership Reform

As of mid-February, 28 of China's 34 provincial regions had announced their plans for the reform of state-owned enterprises. Each provincial region's approach is different, but mixed-ownership reform, which often includes a measure of employee ownership, is prominent among several. Two provinces, Guangdong and Chongqing, intend to convert over 70% of their state-owned enterprises into mixed-ownership enterprises.