Number of employees at SOEs rise above 37,900

4 days ago

The number of employees at state-owned enterprises has now risen above 37,900, according to the latest quarterly report released by the Privatization and Corporatization Board (PCB). SOEs have been considered for years as a tool used by administrations to “distribute” jobs to gain political favor. According to the Q1 review released by the PCB, the whole SOE sector consists of more than