The story appears on

Page A11

September 14, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » Finance

Driving SOE innovation

CHINA’S state assets regulator and the Ministry of Science and Technology signed a cooperation agreement yesterday to encourage innovation in centrally administered state-owned enterprises.

The SOEs invested over 380 billion yuan (US$58 billion) in research and development in 2016, and have seen average annual growth of above 20 percent in the past few years.

These SOEs own 80 national key laboratories which account for nearly half of the total number.

“The central SOEs are playing an increasingly important role in technological innovation,” said Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission.

Minister of Science and Technology Wan Gang said supportive policies will be rolled out to encourage central SOEs to innovate more.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend