SOE reform
國企改革

More than 100 Beijing residents visit the CRRC Beijing Locomotive Corp on June 10, 2017. Established in 1897, this State-owned enterprise bears a history of 120 years. [Photo/Xinhua]

All major Chinese enterprises owned by the central government will be turned into limited liability companies or joint-stock firms by the end of the year as part of reforms aimed at overhauling their unwieldy structures.
作為國企改革的舉措之一，所有大型國企都將在年底前改制為有限責任公司或股份有限公司。改革是對國企冗余的制度結構進行全面革新。

Restructuring State-owned enterprises (SOEs) will separate government administration from management of day-to-day business operations, one step toward greater efficiency.
國有企業改制將政府與企業的日常經營管理分開，以進一步提高企業效率。

The Party's leadership will help protect employees' legal rights and ensure the stability of corporate reforms, the cabinet said.
中國政府稱，中國共產黨的領導將有助于保護員工的合法權利，確保企業改革的穩定。

--Reuters: "China's state firms to shed old corporate governance structures by end-2017" (July 26, 2017)
路透社：“中國國企年內將完成改制”（2017年7月26日）