BEIJING - A World Bank report that urged China to speed up reform in State-owned enterprises (SOEs) has met with mixed responses from Chinese experts.
In a report published on Monday, the Washington-based lender suggested further reform of Chinese SOEs, including measures to recalibrate their access to public resources, introduce modern corporate governance, and implement ownership diversification where necessary.
The report also called for bigger support for private sectors to enter monopolized industries, including lowering barriers for entry and exit, as well as encouraging competition in strategic and pillar industries.
SOE reform was the first piece of advice among a series provided by the World Bank, and meant for reference to keep the world's second-largest economy on a path of steady growth over the next two decades.
But the report, authored by the World Bank and the Development Research Center under the State Council, a top think tank for the Chinese government, is likely to face resistance from "vested interest" groups, World Bank president Robert Zoellick told a conference in Beijing on Monday.
"Reforms are not easy, they often generate pushback," he said.
And opposing opinions could not come any sooner and more dramatically, as Du Jianguo, who claimed to be an independent scholar, showed up unexpectedly at a World Bank news conference on Tuesday, disrupting Zoellick's speech and denouncing the World Bank's prescriptions as "poison".
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