Large State-owned enterprises in Shanxi province will work hard to make China’s Top 100 list, under the 12th Five-year Plan (2011-2016), with their main indicators expected to double during that time. Its State-owned enterprises are the Taiyuan Iron & Steel Group and seven mining companies that are the backbones of its State-owned sector.
The Shanxi government has a “Two-100 billion yuan” project to help reach that big 12th Five-year Plan goal, with total spending on enterprise construction expected to reach more than 100 billion yuan, and the new sales also expected to exceed 100 billion yuan.
Wu Jianxin, the head of planning and development for the province’s State-owned assets administration, explains that the “Two-100 billion yuan” project will need strategies for establishing a group of companies, the driving force, industrial upgrades, interactive development, and innovation-oriented growth. The plans call for the State-owned enterprises to have more than 2 trillion yuan in total assets, and sales of 1.8 trillion yuan, by the end of the period.
Edited by Roger Bradshaw
