China Sees Citic Deal As Model for Reform.

The article discusses Chinese state-owned conglomerate Citic Group. In June of 2014 one of Citic's units, Citic Pacific Ltd., will acquire all of Citic Group's assets, with the combined firm listed on the stock exchange in Hong Kong, China. The Chinese government could take a similar approach to reforming other state-owned enterprises, which are generally regarded as inefficient and bureaucratic.