The brand new needs getting 1998 was the fresh compulsory disposal off 4
First, new removal of loss from the state-possessed textile market are seen as new place to start brand new recovery of the county-possessed market overall. 8 mil old textile machines, the redeployment out-of 600,one hundred thousand workers who have been laid off to reduce surplus labor, and you can a great 3 million renminbi lack of losings regarding past year’s peak (Dining table 5).
The next target were to change the efficiency of approximately one-one-fourth of the 2,300 high-concern losings-and also make county-had commercial people.
New Zhu Rongji case applied the following procedures in an effort to be sure the achievement of one’s 1998 change wants. Basic, the federal government maintained the coverage away from overseeing high state-had people closely, when you are liberalizing faster people and you can promoted mergers and you will bankruptcies certainly one of condition-owned companies.
