SOEs News

Billions Invested in Grid's Modernization

2022-04-21

China Southern Power Grid has pledged to continue investing in digital power grid construction, including a digital grid across Guangdong, Yunnan, Guizhou and Hainan provinces and the Guangxi Zhuang autonomous region.

China's First Smart Deepsea Oil and Gas Storage Center Put into Operation

2022-04-20

China's first smart deepsea oil and gas storage center has been put into operation at China National PetroChina Hainan Wharf in South China's Hainan Province.

New Pokhara International Airport in Nepal Ready for Operation

2022-04-20

A ceremony was recently held to announce completion of the new Pokhara International Airport in Nepal, which is expected to improve the country's civil aviation development, push forward its connectivity with the world and boost its tourism and social and economic growth.

Central SOEs to Back Emerging Sectors, SMEs

2022-04-20

China will guide centrally administered State-owned enterprises (SOEs) to increase investment in key strategic emerging industries such as new energy and high-end equipment manufacturing this year, while enhancing business ties with small and medium-sized enterprises, said the country's top state-asset regulator on Tuesday.

China's Central SOEs Record Growth in R&D Spending

2022-04-20

China's centrally administered State-owned enterprises (SOEs) spent more on research and development to boost innovation-driven development in the first three months of 2022, the country's top State-owned assets regulator said on April 19.

China's Ansteel Sees Operating Revenue up 39.4 Pct in Q1

2022-04-19

China's major steelmaker Ansteel posted year-on-year growth of 39.4 percent in the first quarter of this year, the company said.

Sinopec E-Commerce Transactions Reach Milestone

2022-04-19

Epec.com, the e-commerce platform for industrial products of China Petroleum and Chemical Corp (Sinopec), the world's largest refiner by volume, has reached an accumulated transaction value of 2.1 trillion yuan ($329.5 billion) over the past six years, serving as an industrial product bridge that connects trade across the globe.

New Hualong One Project Power on in Pakistan

2022-04-19

The K-3 Unit of the Karachi Nuclear Power Plant in Pakistan-the second overseas nuclear power unit to use China's third-generation nuclear reactor technology Hualong One-was put into operation on Monday.

China's Nuclear Power Plant Marks Its 20 Years

2022-04-18

Qinshan nuclear power plant phase II, China's first large-scale commercial nuclear power plant, has been in operation for 20 years since its launch in 2002, said its operator China National Nuclear Corp on Friday.

China Forestry Group to Plant Over 40,000 Hectares of Forests Nationwide

2022-04-18

China Forestry Group Corporation said on Saturday that it will strive to plant 604,000 mu (40,267 hectares) of trees in the country in 2022.

CTG Grabs Larger Share of World's Clean Energy Market

2022-04-18

Back in 2008, the Three Gorges Dam was completed and became the world's biggest hydroelectric power project.

China's Central SOEs Post Steady Revenue, Profit Growth in Q1

2022-04-18

China's centrally administered state-owned enterprises (SOEs) saw solid revenue and profit growth in the first three months of 2022, the country's top state-asset regulator said Saturday.