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BIZCHINA> Top Biz News
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Number of China's centrally-administered SOEs down to 136
(Xinhua)
Updated: 2009-07-09 11:57
With approvals from the State Council, China Textile Academy became a subsidiary of China General Technology (Group) Holding Limited and Chinese Academy of Agricultural Mechanization Sciences became a subsidiary of China National Machinery Industry Corporation, the SASAC said. SASAC targets at reducing the number of centrally-administered SOEs from 80 to 100 by 2010 through merger and restructuring, sources with the commission said. When the SASAC was set up in 2003, 196 centrally-administrated SOEs were under its supervision. (For more biz stories, please visit Industries)
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