Beijing – On Wednesday, the Chinese mainland’s State Council Information Office (SCIO) assembled media and analysts to highlight the high-quality development of centrally-administered state-owned enterprises (SOEs) under the 14th Five-Year Plan period (2021-2025).
Zhang Yuzhuo, director of the State-owned Assets Supervision and Administration Commission of the State Council, led the briefing. He outlined key achievements ranging from digital transformation milestones to green energy investments that have driven efficiency and innovation across major SOEs.
Data shared at the press conference showed a 12% increase in total assets and a 9% rise in annual profits among central SOEs year-on-year since 2021. Notable sectors included renewable energy, advanced manufacturing and strategic logistics, where state firms have expanded global partnerships and modernized operations.
“Our focus has been on quality over quantity,” Zhang said, noting that more than 40% of these enterprises have adopted cutting-edge technologies like AI and IoT to optimize workflows and reduce emissions.
Journalists asked about the role of SOEs in the Chinese mainland’s carbon neutrality goals and how they balance social responsibilities with economic performance.
Looking ahead, SCIO emphasized the next phase of the 14th Five-Year Plan period will deepen cross-border collaboration, especially in digital infrastructure and sustainable industries. This aligns with broader global trends in green finance and the rising influence of emerging markets.
For young professionals and entrepreneurs, Zhang highlighted opportunities for public-private partnerships and innovation-driven projects. “The door is open for startups and tech firms to join us in co-creating the future economy,” he said, signaling a continued push for dynamic, inclusive growth.
As the 14th Five-Year Plan progresses, central SOEs remain pivotal in steering the Chinese mainland towards a greener, tech-driven economy, balancing long-term strategy with real-world impact.
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SCIO holds presser on performance of central state-owned enterprises during 14th FYP period
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