China’s state-owned enterprises (SOEs) are accelerating major projects, advancing technological breakthroughs and deepening reforms to secure a good start in the first quarter of 2025.
Promoting infrastructure development
On February 5, the first workday of the Year of the Snake, construction was in full swing at the Shiziyang upgrade project (Guangzhou section), involving the dismantling of the existing 500-kilovatt power transmission towers and lines and the construction of new infrastructure in Guangzhou and Dongguan.
The Guangzhou section of the Shiziyang upgrade project [Photo/sasac.gov.cn]
By the middle of the year, a 264.5-meter-high power transmission tower—the tallest of its kind in China—will be completed, significantly improving power supply reliability in southern Guangzhou and supporting the Guangdong-Hong Kong-Macao Greater Bay Area.
On February 9, China National Building Material Group Co., Ltd. launched a 5.8-billion-yuan zero-carbon intelligent manufacturing base in Huaian, Jiangsu Province. The project will produce 100,000 tons of electronic-grade fiberglass annually and integrate a 500-megawatt wind power facility, pioneering new pathways for zero-carbon manufacturing.
Advancing technological innovation
SOEs are placing technology at the core of growth, with key breakthroughs accelerating China’s self-sufficiency in high-end materials.
China National Chemical Engineering Group Corporation Ltd recently announced the successful pilot production of high-end polyoxymethylene (POM) materials, developed by its subsidiary Hualu Engineering & Technology Co., Ltd.
This achievement marks a major step toward domestic self-sufficiency in high-performance POM production, a material widely used in automobile manufacturing and electronics.
Accelerating reform for long-term growth
With 2025 marking the final year of China’s 14th Five-Year Plan, SOEs are intensifying reforms to enhance efficiency and competitiveness.
China Minmetals Corporation and Qinghai Province partnered to develop a salt lake industry platform — China Salt Lake Industry Group Co., Ltd., which was launched on February 8.
China South Industries Group Corporation announced ongoing discussions with other SOEs on potential mergers.
Reform efforts are also focused on performance-based management, market-driven governance and strategic capital allocation to strengthen competitiveness.
“SOEs will focus on strengthening technological innovation, optimizing state-owned capital allocation and industrial structure, enhancing market-oriented operational mechanisms and improving regulatory efficiency,” said Lin Qingmiao, Director of the Bureau of Enterprise Reform at the State-owned Assets Supervision and Administration Commission of the State Council.
“These efforts will help promote the high-quality completion of ongoing SOE reform initiatives.”
(Executive editor: Wang Ruoting)
