The State-owned Assets Supervision and Administration Commission of the State Council has decided to add 10 central state-owned enterprises, including China Electronics, and seven local state-owned enterprises, including Shanghai Automotive, to the list of world-class demonstration enterprises in order to speed up the construction of world-class demonstration enterprises, according to a meeting on the promotion of building world-class demonstration enterprises held on December 21.

It is understood that Newly included in the scope of establishing world-class demonstration enterprises are China Electronics, Sinopec, CNOOC, China Huaneng, China First Automobile, China Cosco Shipping, Cofco Group, China Merchants Group, China Resources Group, China Building Materials 10 central enterprises and seven local state-owned enterprises Shanghai Automotive, Anhui Conch, Shenzhen Investment Control, Weichai Holding, BoSCO, Wanhua Chemical, Ningbo Zhoushan Port.

Since 2018, the State-owned Assets Supervision and Administration Commission of the State Council has selected 11 central enterprises, including aerospace science and technology, to build world-class demonstration enterprises. At the same time, it organized the research and development of 13 evaluation index systems in 4 categories and guided the implementation of demonstration enterprises. Weng Jieming, Party member and deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said that after five years of efforts, the demonstration enterprises have made positive progress and results in various aspects, including business development, scientific and technological innovation and deepening reform. First, the quality and efficiency of development steadily improved. The average labor productivity of all employees is 1.028 million yuan/person, 1.35 times that of the total average of central enterprises. With the exception of the aviation industry, which has been severely affected by the epidemic, the net profit of demonstration enterprises increased by 60 percent over 2018, higher than the average of central soes in the same period. Second, our capacity for independent innovation has been effectively enhanced. Demonstration enterprises have made great efforts to tackle key core technologies, and achieved a number of world-leading original achievements with independent intellectual property rights in such areas as 5G networks, ultra-high voltage, and operation control of large power grids. Third, we continued to deepen institutional reform, and continued to establish and improve market-oriented operation mechanisms. Fourth, the leading role of the industry continues to emerge.

Benjamin Weng proposed that demonstration enterprises should take the lead to accelerate the promotion of core competitiveness, enhance core functions, according to the national strategic needs, speed up the breakthrough of a number of key core technologies, to ensure the national autonomy and control in key areas.

Source: State-owned Assets Supervision and Administration Commission of the State Council