In this undated photo, steam generated from a reactor was used as a source of heat in a factory in Dalian, Liaoning province. PHOTO CHINA DAILY BEIJING - China will strive to transform its state-owned enterprises into modern entities that meet the requirements of Chinese modernization, said an official with the country's top state-asset regulator on Tuesday.
The centrally-administered SOEs should adhere to market oriented, law-based and international reforms, improve the modern corporate system with distinctive Chinese features, improve the establishment of a flexible, efficient and market-oriented operating mechanism, and enhance core competitiveness and functions, said Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State CouncilState Council.
Zhang said that the enterprises should shoulder their new responsibilities and missions in promoting Chinese modernization because SOEs are an important element and force in promoting Chinese modernization.
China has begun implementing a three-year action plan for SOE reform in 2020 as part of the decades-long efforts to transform SOEs into competitive and modern enterprises. There are currently 98 central SOEs in China.