China Defines Key National Economic Sectors – xinhua

From xinhua via People’s Daily Online:

As part of an ongoing drive to improve the efficiency with which state funds are used, China Monday published a list of seven sectors critical to the national economy and in which public ownership is considered essential.

The sectors are armaments, electrical power and distribution, oil and chemicals, telecommunications, coal, aviation, and shipping, according to the State Assets Supervision and Administration Commission (SASAC).

“State capital must play a leading role in these sectors, which are the vital arteries of the national economy and essential to national security,” said Li Rongrong, minister in charge of SASAC.[Full Text]

– Also read China Plans to Keep Tight Control Over Seven Crucial Sectors from The Wall Street Journal

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