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China's state-owned enterprises should avoid cutting jobs in 2009 even though it is shaping up as a most difficult year, the chief regulator of state assets said in remarks published on Thursday. Li Rongrong, chairman of the State-owned Asset Supervision and Administration Commission (SASAC), said that state firms, many of which are parent groups of Chinese listed firms, should place more emphasis on "business and social stability".

Copyright Reuters, 2008

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