China’s Communist Party has launched one of the most ambitious private equity funds, focused on restructuring and reforming the party’s State-owned enterprises (SOE). The party is looking to spend 350 billion yuan ($52.5 billion) on the reform project, which will be used to pay for mergers, acquisitions, industrial upgrades, and “innovation.” See Also: Worn in China: Chinese wearable shipments soar in 2016 China’s government owns most of the critical infrastructure in the country, like mobile networks, electricity, and utilities.

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News