State firms to get leg up in strategic play

China will boost the presence of its centrally administered State-owned enterprises in strategic emerging industries, such as new-generation information technology, artificial intelligence and integrated circuits, in a bid to speed up the country's transition to high-end industrial and value chains.

The country's top regulator for State-owned assets said that the government would support these firms in transforming toward greater digitalization and green development.

At an internal meeting on Thursday, officials of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) stressed the need to strengthen coordination of State-owned assets' supervision and policies.