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Chinese Vice Premier calls for efficient supervision on SOEs

(Xinhua)
Updated: 2009-12-25 11:19
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Chinese Vice Premier Zhang Dejiang Thursday urged State assets supervision authorities to devote more efforts to guiding deepening reforms and tightening supervision over the country's State-owned enterprises (SOEs).

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Speaking at a conference on the supervision and administration of State-owned assets, Zhang asked relevant departments to further help the SOEs upgrade and optimize industrial structures and improve technological innovations, in a bid to sharpen their competitiveness.

He also required these departments to strengthen their efforts to establish a comprehensive supervision and management mechanism, including accountability systems on major property losses and decision-making misplay, efficient fiscal and auditing systems, in a move to assure and increase the value of State assets.
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