Central SOEs creating employment opportunities in overseas markets

Central State-owned enterprises of China are playing a key role in the success of overseas projects by creating increased, equal employment opportunities in several countries, in line with the principles outlined in the nation's ambitious Belt and Road Initiative, a new report said.

The report - Research Report on Overseas Social Responsibility of Central Enterprises - was released on Thursday by the State-owned Assets Supervision and Administration Commission of the State Council and the Chinese Academy of Social Sciences. It evaluated the efforts of SOEs in overseas corporate social responsibility activities and was based on 72 surveys collected from 96 SOEs.

According to the report, 96 percent of the surveyed SOEs had specialized mechanisms in place to guarantee employment equality for local and Chinese staff, 76 percent had policies to guarantee equal access to promotion, and 75 percent had systems to ensure equal welfare opportunities.