In an opinion piece published Wednesday in the Wall Street Journal, Boehner called the forced spending cuts "ugly and dangerous, " saying they would diminish resources for the military, law enforcement, border security, aviation safety and other programs.

CNN: Debate on spending cuts seeks blame, not solutions

In December it announced that state-owned enterprises under the central government would remain in control of industrial sectors considered crucial to national security and economic welfare: military equipment, electric power, oil and petrochemicals, telecommunications, coal, aviation and shipping.

ECONOMIST: Governing China