China unveils plan for partial privatisations as economy cools

Reforms of underperforming state-owned enterprises include introducing 'mixed ownership' by bringing in private investment

China has unveiled details of how it will restructure its state-owned enterprises, including partial privatisations, as data pointed to a cooling in the world's second largest economy.

The guidelines, jointly issued by the Communist party's central committee and the State Council, China's cabinet, included plans to clean up and integrate some state firms, the official Xinhua news agency said. It did not elaborate.