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Central SOEs to boost R&D spending

Central SOEs to boost R&D spending By ZHONG NAN | China Daily | Updated: 2021-04-17 08:10 PowerChina employees undertake construction work in Bolikhamxay province, Laos, in August, 2020. [Photo/Xinhua] China s centrally-administered State-owned enterprises will invest more in research and development to secure higher production efficiency and income during the country s 14th Five-Year Plan period (2021-25), while keeping liabilities under control, the country s top State-asset regulator said on Friday. The government will guide central SOEs to further grasp the opportunities generated from the new round of technological revolution and industrial transformation during this period. Their focus will be on key areas of emerging industries with bit growth potential like digital, platform and sharing economies. They will cultivate new growth drivers, said Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commis

SOE Poly Group sews up 2021-25 growth plan-Eastday

From:ChinaDaily   |  2021-04-09 07:52 Conglomerate to focus on engineering, tech, finance to broaden its prospects China Poly Group Corp Ltd, or Poly Group, the Beijing-headquartered, centrally administered State-owned enterprise, will deploy more resources in technology, engineering projects and finance to further diversify its growth pattern during the 14th Five-Year Plan period (2021-25), said its senior executives. The diversified conglomerate has three pillar businesses-trade, real estate and management of culture-and art-related ventures. Its new moves will enhance the company s competitiveness, and strengthen its role as one of China s State-owned capital investment companies, said Liu Hualong, the group s chairman. The larger goal is to cultivate new businesses with promising growth potential in the coming years, he said.

Xinhua Headlines: How will China s SOE reform fare with three-year action?

Xinhua Headlines: How will China s SOE reform fare with three-year action?
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