Corporate Reflections: Bright Dairy and Food witnesses SOE reform

State-owned enterprises have long been a crucial pillar of China's economic growth, especially in the early years when the People's Republic of China had just been founded. However, since private business and foreign-owned businesses emerged in the market, the role of SOEs has become more complex. Bright Dairy and Food, one of China's leading dairy firms, has changed its ownership structure to meet the country's needs over the past years.

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