Central SOEs do Belt and Road projects
Print Edition
NEARLY half of China’s centrally administered state-owned enterprises have participated in the Belt and Road initiative since it was launched in 2014, said Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission.
Since the initiative was launched three years ago, 47 of the 102 central SOEs have invested in or built 1,676 projects in the countries and regions along the Belt and Road, Xiao said yesterday.
Profits of these companies gained 4.5 percent annually as their financial results were “driven by the Belt and Road projects,” Xiao added.
China has helped build more than 60 energy projects in power generation and pipeline construction in the countries while Chinese companies have built infrastructure such as airports and high-speed railways.
China National Machinery Industry Corp sealed energy and infrastructure equipment contracts worth US$73.6 billion in 733 projects, while China Communications Construction Co built 103 million kilometers of highways and 96 deep-water wharves.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
