short for state-owned enterprise.
- The government has already helped more than 12 million laid-off SOE employees find new jobs in the past two years, Zhang said.
- Privatization refers to the transfer of ownership, management and control of the SOE to some private interest, individual, group or private corporation.
- The first method of privatization allowed an SOE to become a joint-stock or limited liability corporation with shares being offered for sale to the public.
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