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Vice premier asks SOEs to promote reform, innovation

(Xinhua)
Updated: 2009-09-29 13:55

Chinese Vice Premier Zhang Dejiang (2nd R) inspects China Academy of Launch Vehicle Technology in Beijing, capital of China, Sept 28, 2009.[Xinhua]

China's State-owned enterprises (SOE) should deepen reform, promote innovation, and enhance restructuring and management to contribute to a sound and stable economic development, said Vice Premier Zhang Dejiang on Monday.

Related readings:  SOE revenues down 3.5% in Jan-Aug  Strengthen SOE employees' unions  Decline slows in profits of China's central SOEs  How much can SOEs spend on renovation?

Zhang made the remarks at a meeting in Beijing, urging the SOEs to make stable and relatively fast development a priority, and fulfill production targets.

Efforts should also go to industrial restructuring and encouragement of core-technology innovation to strengthen competitiveness.

Before the meeting, Zhang visited staff and workers in the China Aerospace Science and Technology Corporation and China Shipbuilding Industry Corporation, among other companies.