China's move of adding new State-owned capital investment companies will help those selected groups better integrate industrial chains based on their demand and make effective strategic investments, which will better support the real economy, analysts said on Wednesday.
China's State-owned manufacturers and infrastructure project providers－a group of companies that have long been a thriving part of many countries' industrialization and urbanization processes－are increasingly applying digital solutions in the global market to meet demand from its clients and maintain robust growth.
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By realizing record profit growth, China's central State-owned enterprises have boosted the country's economic aggregate and facilitated per capita GDP growth, Hao Peng, head of the State-owned Assets Supervision and Administration Commission, said at a recent meeting.