Central SOEs urged to push upgrading

State-owned firms to roll out digital transformation initiatives across sectors

China will push its centrally administered State-owned enterprises to pursue both the upgrading of traditional industries and the development of emerging sectors in 2026, as part of efforts to support overall economic growth and better serve public needs, the country's top State assets regulator said.

Speaking at a meeting of heads of central SOEs held in Beijing earlier this week, Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, or SASAC, said the government will continue to sustain momentum in key fields such as new energy, electric vehicles, new materials, aerospace, the low-altitude economy, quantum technology and 6G next year.