Decision on Some Important Issues Concerning the Reform and Development of State-owned Enterprises

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The 15th Party Central Committee released a Decision on Some Important Issues Concerning the Reform and Development of State-owned Enterprises (SOEs) at its fourth plenary session, held in Beijing from September 19-22, 1999. Making changes to major reform and development objectives for SOEs, the committee set guidelines to follow until 2010. The committee pointed out the effectiveness of establishing a modern enterprise system, which is the goal of SOE reform, as an approach to combining public ownership with the market economy.