SASAC to tighten approval process for SOE investments
By Wei Tian | China Daily | Updated: 2012-07-12 07:59
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A China Minmetals Corp booth at a mining conference in Tianjin. Statistics from the Ministry of Finance showed that the profits of SOEs are declining amid shrinking market demand and fluctuations in energy and commodities prices. Provided to China Daily |
China's national assets watchdog may tighten the approval process of large investment projects by State-owned enterprises, in a bid to maintain growth as the economy faces more downward pressure.
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