The assets of China's state-owned enterprises (SOEs) totaled 371.9 trillion yuan (52.37 trillion U.S. dollars) at the end of 2023, which remained remaining stable, according to a State Council report submitted on Tuesday for deliberation at an ongoing session of the National People's Congress Standing Committee.
The total equity of state-owned financial capital was 30.6 trillion yuan, and the assets of financial SOEs stood at 445.1 trillion yuan at the end of last year. The state-owned assets of administrative and public institutions came in at 64.2 trillion yuan.
The area of state-owned land totaled 523.714 million hectares, and the total amount of water resources throughout the year was 2,578.25 billion cubic meters, according to the report.
China will continue to deepen SOE reforms, improved the state-owned financial capital's ability to serve and guarantee the economic development, promote the management of state-owned assets of administrative and public institutions, improve the management system for state-owned natural resource assets, and constantly perfect the reporting system on state-owned assets, the report said.
China's SOE assets totals 371.9 trillion yuan in 2023
State-owned assets value totals 371.9 trillion yuan in 2023
A U.S. exhibitor participating in the seventh China International Import Expo (CIIE) in Shanghai has said he would love to see an "open trade completely" between his country and China.
One of the exhibitors who have brought to the expo the most eye-catching products, the U.S. Soybean Export Council has seen its booth packed with visitors curious about its virtual reality (VR) display that offers them an immersive experience of soybean farming in the U.S.
"We leave the residue on the fields, so when it rains, it protects the soil from washing away. That's the big thing we are talking about. Sustainable ways. And not only that, but it also helps to sequestration carbon out of the air, and put back to the soil," said Ronnie Russell, director of the American Soybean Association.
Soybean trade is one of the key sectors for trade between China and the U.S., and even a barometer of the relationship between the two countries. Although it has seen a decline in recent years, the American Soybean Association still sees potential for growth, and hopes the governments from both sides could push for that trend.
"We would love to see open trade completely between both of our countries absolutely. So I think that we need to look beyond some of those trade barriers that may not be necessary agriculture related, maybe even politically related, but we certainly see the importance of that as American growers," said Russell.
Various American businesses and associations are also displaying their agricultural products,including potatoes, meat, poultry, and eggs, at the expo.
Allan Gabor, chairman of the American Chamber of Commerce in Shanghai, shared a positive outlook for future trade and cooperation in food products between the two nations.
"The future looks really good. I think our countries enjoy each other's food products. I think the whole aspect of the modernization of the supply chain for food and agriculture in China is improving tremendously. It's also an area where our companies can contribute," he said.
Running from Nov 5 to 10, this year's CIIE has attracted 3,496 exhibitors from 129 countries and regions. It also sets a new record with 297 Fortune Global 500 companies and industry leaders attending the event.
CIIE exhibitor from US hopes to see "open trade" between China, US
