SINOPEC embraces reform to diversify business
295 views · Published 4 February 2015 · 3:56 · Indexed 12 November 2026
Channel: Hi China · 2015 · News & Politics
In 2013, China introduced reforms to the ownership model for state-owned enterprises in a bid to embrace private capital through mixed-ownership, and diversify the businesses of state owned companies. The move has notably allowed China’s state owned oil giant SINOPEC to make forays into other business. The firm now plans to jointly operate thousands of filling stations and convenience stores. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVcomInternational Download for IOS: https://itunes.apple.com/cn/app/cctv-news/id878031632?mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.cn.cctvnews Follow us on: Facebook: https://www.facebook.com/cctvcom Twitter: https://twitter.com/cctv_english Instagram: http://instagram.com/cctvenglish Weibo: http://weibo.com/cntvenglish
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