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00:00:00
nndb don't China's biggest state owned companies are headed for a much needed makeover official finally painting up to the painful task of reforming the very faint white elephants contender for a market economy partial private eye nation even mergers are all part of the plan I'm ready for it on Antar encampment in Hong Kong for years analysts have been saying that reform in some of these maps that all , now if the economy looking more , new data out of the weekend showed more weakness especially for production in Chinese factories , plans to revamp state owned firms sounds very market oriented , take your performance and pushing hard on innovation and worldwide competitiveness , it's a big cat and it won't be easy state that companies employ around seven and a half million people across China and hundreds of thousands of them could lose their jobs Iraq to the question of who will drive to change it primarily Chong is a front man on All Things economy but the government isn't exactly riding a wave of positive PR right now snow and garbled response to the recent stock market crisis growing up more questions on whether Beijing has what it takes to make it through market economy dream a reality