State-owned Enterprises Reform

State-owned Enterprises Reform refers to changes made to government-run businesses to improve their efficiency, accountability, and financial performance. These reforms often involve privatization—selling state assets to private investors—or restructuring operations to make them more competitive. The goal is to reduce government spending, enhance service quality, and stimulate economic growth. By introducing market principles, such as competition and profit incentives, these reforms aim to better allocate resources and respond to consumer needs, ultimately leading to improved services and increased economic activity.