BEIJING – In an effort to promote industrial upgrading, China’s centrally-administered state-owned enterprises (SOEs) should put strategic emerging industries and future-oriented industries in a prominent position, an official with the country’s top state-asset regulator said yesterday.
Investment by central SOEs in strategic emerging industries increased 32.1 percent year on year in 2023, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council, said on the sidelines of the ongoing “two sessions”, i.e., the annual session of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), which began on Monday, and the annual session of the National People’s Congress (NPC), which commenced yesterday.
According to the goal put forward by the SASAC, income derived from strategic emerging industries by central SOEs will account for 35 percent of their total income by 2025, he said.
It is important to increase the layout of industries “especially in brain-like intelligence, quantum information and controlled nuclear fusion,” Zhang added. – Xinhua, MPD
Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, talks to journalists after the opening meeting of the second session of the 14th National People’s Congress (NPC) at the Great Hall of the People in Beijing yesterday. – Xinhua
