This undated photo shows a worker checking a molten steel at an iron and steel plant in Dalian, Liaoning province. Locally-administered state-owned enterprises (SOEs) will be allowed to experiment with mixed-ownership reform in the rest of the year. (Photo by Liu Debin / for China Daily)
BEIJING – China's state assets regulator and the Ministry of Science and Technology signed a cooperation agreement Wednesday to encourage innovation in centrally-administered state-owned enterprises (SOEs).
The SOEs invested more than 380 billion yuan (US$58.1 billion) in research and development in 2016, and witnessed an average annual growth of over 20 percent in the past few years.
These enterprises 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.
Analysts see project benefiting public at large, unlike its business-focused predecessor23 March 2018
City's scholars welcome research center proposed for Lok Ma Chau Loop, national academy's first offshore branch23 March 2018
Manufacturers offering the latest consumer and mobile electronics will be streaming to the Global Sources Exhibitions in Hong Kong next month.22 March 2018
The CPC Central Commission for Discipline Inspection has issued a circular calling on anti-graft organs to perform their duty and punish violators.22 March 2018
Over the past five years, Chinese President Xi Jinping has visited 57 countries and received more than 110 foreign heads of state.22 March 2018
The head of the Hong Kong Monetary Authority said the exchange rate may fall to the low end of the band after the US lifted borrowing costs overnight.22 March 2018
Copyright 1995 - 2017. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. Without written authorization from China Daily, such content shall not be republished or used in any form.