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China eyes industrial reform via heightened state control

Communist Party gaining more say in decisions at listed companies

YU NAKAMURA, Nikkei staff writer | China

BEIJING -- Chinese President Xi Jinping looks to tackle tough tasks such as fostering new industries and focusing the country's production on quality rather than quantity in his second term as Communist Party leader, but he appears intent on achieving the goal by turning back the clock and boosting the party's control over the industries.

During the party's National Congress, which ended Tuesday, Xi said he would accelerate reforms at state-run companies in order to turn them into competitive, first-class global players. The Communist Party of China has been increasing its control over state-owned enterprises under Xi's leadership.

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