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China Daily | Updated: 2018-05-23 07:57

Govt and policies

Central SOEs help tackle poverty

China's centrally administered State-owned enterprises have been intensifying efforts to support areas of abject poverty, with 590 million yuan ($92.4 million) of funds invested last year, official data showed. In 2017, centrally administered SOEs carried out more than 1,500 poverty relief projects in regions with abject poverty, the State-owned Assets Supervision and Administration Commission said. According to Hao Peng, an official with the SASAC, all central SOEs have established units specifically devoted to poverty reduction. A poverty relief fund backed by the SASAC and central SOEs has attracted 15.4 billion yuan. As of April, 9.2 billion yuan had been invested in 45 projects in poor areas.

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