Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China's central SOEs accelerate integration

September 07, 2016


Abstract : China's state-owned enterprises (SOEs) are speeding up efforts to integrate their businesses and resources amid a government campaign to reorganize them.

BEIJING, Sept. 6 (Xinhua) -- China's state-owned enterprises (SOEs) are speeding up efforts to integrate their businesses and resources amid a government campaign to reorganize them.

Eight centrally administered SOEs, including the Aviation Industry Corporation of China (AVIC) and the China National Machinery Industry Corporation (Sinomach) signed agreements on Tuesday to cooperate on project building.

AVIC and Sinomach will jointly develop a forging press project, while AVIC will transfer its real estate business to Poly Real Estate Group.

The agreements also include cooperation between the China National Nuclear Corporation and China First Heavy Industries.

China has started accelerating the reorganization of its SOEs to improve competitiveness and combat downward pressures on the economy.

Last month, the China Building Materials Group was officially established following the merger of China National Building Materials Group Corporation and China National Materials Group Corporation.

There are currently more than 100 SOEs directly regulated by the central government, while many more are under administration of local authorities.

Scan the QR code and push it to your mobile phone

Keyword: China SOE

Most Read

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial