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China reforms could mean opportunity for private capital

President Xi Jinping has revealed a new mixed ownership model for the state sector

Historic reforms in China’s state-owned oil sector are for the first time cracking the door open to private capital in a potentially big way. In a bid to make China’s lumbering state-owned enterprises (SOEs) more profitable, efficient and competitive, president Xi Jinping and his premier Li Keqiang are championing a new mixed ownership model for the state sector. The reforms fall well short of privatisation. But they do aim to open the way for private capital and more entrepreneurial investors to play a direct role in SOEs. China’s leadership has been alarmed as the lagging economic performance of its SOEs has started to hold back the Chinese economy. The return on assets for private secto

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