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SASAC: Focus on Fostering Emerging Pillar Industries and Actively Expanding Effective Investment
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The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) held a meeting yesterday (20th) to brief on the economic performance of central state-owned enterprises (SOEs) in the first quarter and to sign responsibility agreements for 2026 business performance targets. The meeting called on central SOEs to advance key tasks in a more solid and effective manner, make every effort to improve quality and efficiency while stabilizing growth, dynamically optimize business strategies, and focus on fostering emerging pillar industries, large-scale equipment upgrades and renovations, construction of affordable infrastructure, and acquisition of strategic mineral resources to actively expand effective investment. These efforts aim to effectively support the expansion of domestic demand and ensure solid guarantees for the supply of critical energy and resource needs. The meeting also required central SOEs to intensify efforts to cultivate and develop new quality productive forces, anchor themselves in the real economy, and continue to strengthen technological innovation, placing greater emphasis on basic research. They are to prioritize research and development as well as talent reserves, accelerate industrial transformation in line with their core responsibilities and development stages, and speed up the growth of new drivers and competitive advantages. (ta/w) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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