State Council and China Cabinet

China cabinet: It did not elaborate, according to The Guardian. Reform of underperforming state-owned enterprises is one of China most pressing needs. The guidelines, jointly issued by the Communist party central committee and the State Council, China cabinet, included plans to clean up and integrate some state firms, the official Xinhua news agency said. But if not handled well, the restructuring could lead to hundreds of thousands of people being laid off and to social instability. The government will not force mixed ownership, nor will it set a timetable, giving each firm the go-ahead only when conditions are right, it said. Xinhua said the plans included introducing mixed ownership by bringing in private investment, and decisive results were expected by 2020. (news.financializer.com). As reported in the news.