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As part of the group’s strategy to rebuild the Kappa brand, Zhang has taken charge of overseeing destocking measures over the past few years. In the first half of this year, China Dongxiang had got rid of some “defective goods” left over from 2015 and earlier. Products worth approximately 140 million yuan were involved, resulting in a one-off decline in the sportswear producer’s gross profit margin by some 2.3 percentage points.

As part of its Changan Ford joint venture, the division is responsible for marketing, sales and servicing of all Ford-branded passenger vehicles sold in China. It is now integrating sales networks separately built by Changan Ford, JMC and Ford China for better efficiency and customer experience.

As more questions emerge in the minds of those watching from outside China, Liu said the opportunities to tell stories from inside the country are growing. However, so too are the challenges.

As part of financial innovation, one-stop services for investment and financing information will be provided to small and medium-sized enterprises.

As it is the first in a batch of State-owned enterprises slated for mixed-ownership reforms, the plan disclosed by China Unicom is a great breakthrough, as it involves internet companies, employee incentive shares and enterprise governance, said Li Jin, chief researcher at the China Enterprise Research Institute.