Central SOEs to enhance production capacity cooperation

The proportion of production capacity cooperation conducted by China's centrally-administered State-owned enterprises will be raised in their business categories to develop markets related to the Belt and Road Initiative in the long run, a senior State asset regulator said on Tuesday.

Though energy and infrastructure development still account for a major part of the operations for SOEs working in economies related to the initiative, they will transfer more technologies and practical service solutions to partners to pursue win-win and sustainable growth, said Weng Jieming, vice-chairman of the State-owned Assets Supervision and Administration Commission of the State Council.

"As many parts of the world are facing challenges created by protectionism and isolationism, the SOEs will expand their collaboration with capable global companies and domestic private companies to form commercial groups to develop overseas markets," he said.