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China Speeds Up Move to Mixed-Ownership Economy

China will promote a mixed-ownership economy by diversifying the shareholding structure of state-owned enterprises (SOE) reports the Chinese 'Shipping Gazette', citing the State-owned Assets Supervision and Administration Commission. The Commission informed the nation it will speed up the transformation of SOEs, especially parent companies, into joint-stock firms. The pay system will also be reformed with a focus on using performance as the basis for compensation for SOE managers.