SOE reform not easy, says World Bank report

BEIJING - A World Bank report that urged China to speed up reform in State-owned enterprises (SOEs) has met with mixed responses from Chinese experts.

In a report published on Monday, the Washington-based lender suggested further reform of Chinese SOEs, including measures to recalibrate their access to public resources, introduce modern corporate governance, and implement ownership diversification where necessary.

The report also called for bigger support for private sectors to enter monopolized industries, including lowering barriers for entry and exit, as well as encouraging competition in strategic and pillar industries.