The launch of Guoxin Holdings

According to 21st Century Business Herald dated December 23, 2010, the Chinese government established Guoxin Holdings, a state-owned enterprise managed by the central government, in December 2010. The role of the company is "to clean up the central SOEs' assets and help reduce the number of central SOEs to 80-100." The company is called the "sweeper of central SOEs." This is an interesting development of China's alleged "state capitalism."