(ECNS) - China opposes discriminatory rules on state-owned enterprises (SOEs), said Peng Huagang, spokesperson of the State-owned Assets Supervision and Administration Commission.
Peng said after 40 years of reform and opening up, China’s SOEs have generally aligned with the market economy.
He noted the goal of reform is to make SOEs truly independent market entities that can make decisions, bear risks and develop on their own.
A report at the upcoming B20 summit in Argentina that proposes "addressing State-related competitive distortions" has neglected the fact that SOEs have fully integrated into the market after reform and participated in fair market competition with other enterprises, it was added.?
"We oppose setting different rules due to differences in corporate ownership, and oppose discriminatory treatment of state-owned enterprises in the formulation of international rules," said Peng at a press conference about SOE growth in the first three quarters.
