SHANGHAI, May 9 (Xinhuanet)-- A senior Chinese official said on
Thursday that this year's nation-wide restructuring of State-owned
enterprises (SOEs) would focus on the military, non-ferrous metal,
coal and some other key industries, after the textile sector's
readjustment last year.
   Jiang Qiangui, vice-minister of the State Economic and Trade
Commission, told the PRC-Day Seminar of the 35th Asian Development
Bank (ADB) Annual Meeting in Shanghai, that the latest goal was to
fix the military industry's difficulties, which meant 160 military
industrial enterprises would be closed down.
   The key to guarantee success was to use all possible means to
help re-employ those who were to lose their jobs, she said.
   Creating more large companies and enterprise groups which were
strongly competitive in the world market, was the solution for the
SOEs strategic restructuring, Jiang said.
   At the same time, it was necessary to set up a market-exit
mechanism so that capable ventures could enjoy a better business
environment and inefficient ones would be removed, the official
stressed.
   Improving the social security system would ensure the success
of the restructuring drive in the military and other key
industries in China, Jiang said. The government would do its best
to create more training and re-employment opportunities for laid-
off workers, she said.  Enditem