State-owned enterprises

State-owned enterprises (SOEs) in China are entities owned and operated by the government, playing a significant role in the nation's economy. Recently, these SOEs have become newsworthy due to their expanding global footprint and the Chinese government's increased focus on overseeing their overseas investments. The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has established a new department specifically to guide SOEs in their international operations, reflecting a strategic response to a turbulent geopolitical outlook. Concurrently, some SOEs are involved in large-scale domestic projects, such as the Goldin Finance 117 skyscraper, which is nearing completion after a long delay, even as China's property market faces ongoing struggles. This dual focus highlights the SOEs' continued importance in both international expansion and domestic development, while also underscoring the government's efforts to manage risks and ensure strategic alignment in their global activities.