From the Financial Times (link)
Beijing should further liberalise restrictions on overseas investors buying sizeable stakes in state-owned enterprises (SOEs), according to the Organisation for Economic Co-operation and Development.
Ken Davies, a senior OECD economist leading an effort to lobby China’s government to clarify its complex inward investment rules, argued that a more transparent, market-based regulatory regime will ultimately force domestic companies to compete better.
“What the government really wants is to find ways to bring in foreign capital and use that directly in restructuring SOEs,” he said. “But there’s a desire to retain control of national champions.”
