Reform of SOEs a priority

Among the world's top 500 companies, 83 are Chinese State-owned enterprises. While realizing accelerated self-development, China's SOEs have also made important contributions to the country's economic and social development, technological progress, national defense build-up and improvement of people's livelihoods.

All these achievements stem from the dynamics and vitality they have continuously acquired through deepened reforms.

Due to the formation of a guiding policy system in recent years, China has taken substantial steps toward reforming its SOEs, from accelerating their restructuring and improving the State-owned assets management system to transforming their operating mechanisms and strengthening their Party building.