The road map of SOE’s presence in “Belt and Road”


FOREIGN201507161404000310692833768(People’s Daily Online, July 16)

State-owned Assets Supervision and Administration Commission of the State Council (SASAC) releases an overview of the Chinese enterprises’ development on “One Belt and One Road.” The report shows that by the end of 2014, 107 state-owned enterprises out of 110 have set up 8,515 braches overseas, and among them, over 80 Chinese state-owned companies have set their branches in countries and regions along the “Belt and Road.”

Statistics show that the total amount of overseas assets of Chinese state-owned enterprises has risen from 2.7 trillion yuan to 4.6 trillion yuan since the implementation of 12th Five-Year Plan. By the end of 2014, state-owned enterprises’ overseas assets, operation revenue, and profits respectively take up 12.7 percent, 18.3 percent, and 8.6 percent of the total.

In the field of facilitating infrastructure construction and exchanges, Chinese state-owned enterprises are undertaking great responsibilities. Projects like crude oil pipelines of China-Russia, China-Kazakhstan, and China-Myanmar, natural gas pipelines of China-Russia, China-Central Asia, and China-Myanmar, and railway construction with Myanmar, Thailand, Laos etc.

At present, there are over 40 state-owned companies that have set up International business management departments, and over 30 enterprises that have drawn up oversea legal risk prevention plans.

 

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