China says will accelerate elimination of obsolete & excess capacity at SEOs

China's State Council says it will accelerate elimination of obsolete and excess production capacity at state-owned enterprises

Headlines via Reuters

• Says dividends and income from state-owned assets will be used to replenish pension funds and social security funding gaps
• Will improve integration of state-owned enterprises in "natural monopolies"
• Says will concentrate state assets in key sectors, facilitate exit from other markets