Global EditionASIA 中文双语Français
Home / Business / Companies

China's central SOEs make progress in advancing reform: report

Xinhua | Updated: 2022-11-08 10:40
Share - WeChat
A worker from China Construction Second Engineering Bureau Ltd carries out welding operations at a test site for internet-connected vehicles in Wuhan, Hubei province, in June. [Photo/China Daily]

JINAN -- China's centrally administered State-owned enterprises (SOEs) have seen notable progress in advancing reforms and addressing challenges over the past decade, according to a latest report.

During the past decade, centrally administered SOEs have gathered strength and optimized structure with their combined assets climbing from 31.4 trillion yuan ($4.34 trillion) by the end of 2012 to 75.6 trillion yuan by the end of 2021, said the report released by the research center of the State-owned Assets Supervision and Administration Commission of the State Council.

The total investment by the centrally administered SOEs in emerging industries has expanded from 690 billion yuan in 2017 to 1.3 trillion yuan in 2021, the report added.

In the meantime, the centrally administered SOEs have addressed a series of institutional and procedural challenges, and comprehensively completed the corporate-governance reform of SOEs, according to the report.

As the country continues to strengthen supervision of state assets, the centrally administered SOEs have made greater contributions to society in coordinating regional development, as well as promoting rural revitalization and the country's low-carbon shift, among others, the report said.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349