But there has been limited progress towards the kind of political union - or central control of budget-making, borrowing and supervision of banks - that many would see as necessary to the eurozone's long-term survival.

BBC: Can Draghi do 'whatever it takes' to save euro?

The agency that now regulates the state-owned firms, called the State-Owned Assets Supervision and Administration Commission, should "confine itself to policy-making and oversight, " the report recommended, not management.

WSJ: China Reform Suggestions Vague on Party Role