Forty years of reform and opening-up, full of courage, have changed China and influenced the world.
Since the 18th National Congress of the Communist Party of China (CPC), the CPC Central Committee with General Secretary Xi Jinping at the core has led the Party and people from all ethnic groups across the country to enter into the new era of socialism with Chinese characteristics.
During the reform and opening-up, China's central SOEs followed the lead of the CPC, adhering to the release and development of productive capacity, and using the reform to establish and improve a socialist market economy. They are now deepening the reform, becoming more open to the outside world and promoting a sound layout of the state-owned sector with structural adjustment and strategic reorganization. Central SOEs have significantly improved the operation of State-owned assets.
China's central SOEs have played a pivotal role in implementing the country's macro-economic regulation policies, ensuring energy security, promoting poverty alleviation, and engaging in livelihood projects. Landmark projects, including the Tiangong spacecraft, Jiaolong submersible, high-speed railways, extra-high voltage power transmission and transformation stations, cross-border gas and oil pipelines and the Hong Kong-Zhuhai-Macao Bridge, represent hallmarks of central SOEs' key role in the country's development.