China's centrally administered SOEs aim for growth above national GDP in 2021

SOURCE / ECONOMY
By Global Times Published: Feb 23, 2021 11:54 PM
Workers work on a production line of CRRC Tangshan Co., Ltd., in Tangshan, north China's Hebei Province, Dec. 31, 2019.Photo:Xinhua
China's top state-asset regulator has set targets for the country's centrally administered state-owned enterprises (SOEs) this year, including achieving a profit growth rate above that of the national economic output.
Addressing a press conference on Tuesday, Hao Peng, head of the State-owned Assets Supervision and Administration Commission (SASAC), said this year should see more investment in research and development by SOEs as well as higher production efficiency and income margins, while keeping asset liabilities under control.

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