President Xi inspects Yantai Industrial Park of Wanhua Chemical, June 13, 2018. (Xinhua Photo)
State-owned enterprises must carry out reforms in order to achieve success, Chinese President Xi Jinping said on Wednesday during an inspection tour in Yantai City in east China's Shandong Province, urging local enterprises to establish a modern corporate system.
President Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, inspected facilities of Wanhua Chemical and CIMC Raffles in Yantai after attending the 18th Shanghai Cooperation Organization (SCO) Summit in nearby Qingdao over the weekend.
