China's centrally-administered state-owned enterprises (SOEs) have demonstrated remarkable progress during the 14th Five-Year Plan period (2021-2025), according to a key press conference held by the State Council Information Office (SCIO) in Beijing on Wednesday. The event highlighted achievements in technological innovation, operational efficiency, and global market expansion.
Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission, revealed that central SOEs achieved a 6.9% average annual revenue growth rate during the period, with total assets exceeding 86 trillion yuan ($11.8 trillion). "These enterprises have become crucial stabilizers for China's economic development while enhancing their global competitiveness," Zhang stated during the media briefing.
Key developments include breakthroughs in high-tech sectors such as renewable energy infrastructure, 5G networks, and artificial intelligence applications. The official noted increased collaboration between SOEs and private sector partners, particularly in supply chain optimization and green technology development.
The press conference also addressed international engagement strategies, with multiple SOEs reporting expanded operations in Belt and Road Initiative partner countries. Media questions focused on digital transformation timelines, workforce development programs, and measures to ensure sustainable growth through 2025.
