Privatization of Chinese state-owned industries (EAF)

Chinese privatization is the economic reforms consisting of the privatization of state-owned enterprises and industries in the areas of the former People's Republic of China after annexation by the East Asian Federation. The privatization efforts enabled resources to be switched from a planned central economy to a market economy endemic to East Asia. Several energy firms involved with mining operations in northeast China were transferred to foreign companies, leading to criticism by local business leaders about local assets being given freely to foreigners without concern for local problems.

Privatization of the Coal Market
Shenua Energy Company was reformed as a privately-held company, with shares distributed to all employees under federal corporation law. The company is expected to seek an initial public offering in the fourth quarter of 2011.