China Oil & Gas Pipeline Network Corp, China's largest energy infrastructure owner also known as PipeChina, announced on Wednesday the official launch of construction on West-East Gas Pipeline 4.
China's centrally administered State-owned enterprises have completed over 95 percent of the measures outlined in the country's three-year action plan (2020-22) for SOE reforms by the end of June, the country's top State-owned assets regulator said on Friday.
China will solve the issues of homogeneous competition and redundant construction among centrally administered State-owned enterprises through professional integration as part of efforts to expedite the cultivation of world-class enterprises with efficient resource allocation, said a senior government official on Tuesday.
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China's State-owned enterprises plan to invest over 10 trillion yuan ($1.49 trillion) in more than 1,300"new infrastructure"-related projects across the country during the 14th Five-Year Plan period (2021-25), injecting new impetus into efforts to sustain economic growth, said senior State-asset regulators on Friday.