Photo: An engineer installs a smart sewing machine in a workshop in the Lintong Production Base of the China Typical Industries Group Co., Ltd., a state-ownedenterprise, in Xi'an, northwest China's Shaanxi Province, Nov. 18, 2020.
BEIJING, Jan. 19 (Xinhua) – China has made notable progress in promoting the high-quality development of the state-owned enterprises (SOEs) during the 13th Five-Year Plan (2016-2020) period, the Xinhua-run Shanghai Securities News reported on Monday.
By the end of the 13th Five-Year Plan period, China's SOEs saw their total assets and owners' equity amount to 218.3 trillion yuan and 71.9 trillion yuan respectively, up 82.1 percent and 80.3 percent from the end of 12th Five-Year Plan period (2011-2015), according to a meeting held by the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council on Monday.
During the 2016-2020 period, the average annual growth rate of operating revenue and profits of SOEs reached 7.4 percent and 10.7 percent, respectively, the country's top state assets regulator said.
It is learned that the country saw a total of 80 SOEs listed on Fortune Global 500 list in 2020, as a growing number of backbone enterprises with core competitiveness have sprung up nationwide.
In the past five years, the SOEs have kept pushing forward supply-side structural reforms and other market-oriented reforms, and achieved considerable progress in key areas.
(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)
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