Shanxi continues to make efforts to promote the "structural inversion" of coal and non-coal industries

| gov.cn

Xinhua News Agency, Taiyuan, 10 Nov (Reporter Wei Biao) the reporter learned from the Shanxi Provincial State-owned assets Supervision and Administration Commission that according to the three-year transformation target of Shanxi's state-owned enterprises, by 2020, the proportion of the added value of the coal industry belonging to Shanxi's state-owned enterprises will be reduced to less than 50 percent. To realize the historical "structural inversion" of coal and non-coal industries. By the end of September 2019, that share had fallen to 56 per cent from 61.2 per cent in 2017.

In recent years, Shanxi has continuously optimized the distribution of state-owned capital, accurately promoted state-owned capital to march in the direction of energy revolution, concentrated in the direction of emerging industries, and optimized in the field of public services. The industrial structure of provincial state-owned enterprises is gradually developing from "one coal is dominant" to pluralistic development, and coal and non-coal industries are gradually realizing historical "structural inversion".

In 2019, Shanxi continued to optimize the distribution of state-owned capital. According to Zhang Hongyong, deputy director of the Shanxi Provincial assets Supervision and Administration Commission, since the beginning of this year, Shanxi SASAC has organized 27 provincial-owned enterprises to formulate their own high-quality transformation and development action plans for 2019 and to form a general action plan for provincial-owned enterprises. We should integrate the functional positioning and classification of enterprises, speed up the conversion of new and old kinetic energy, and further make good use of increment, invigorate the stock, and actively reduce the amount. At the same time, seven provincial coal enterprises were organized to formulate special plans for emerging industries. Seven provincial coal enterprises have planned seven emerging industries, namely, hydrogen energy, microwave applications, aerogels, optoelectronics, high-end manufacturing, modern logistics and trade, and superconducting strong magnetic applications. 25 emerging industry projects have been planned. The total planned investment is about 73 billion yuan.

In addition, according to the functional positioning and development needs of the enterprise, Shanxi SASAC has successively adjusted the cultivation business of Shanxi Traffic holding Group Co., Ltd., Shanxi Energy Transportation Investment Co., Ltd., Datong Coal Mine Group Co., Ltd., and Jinneng Group Co., Ltd. New industries such as modern logistics and new energy have been added as cultivation businesses.

Shanxi continues to make efforts to promote the "structural inversion" of coal and non-coal industries

| gov.cn

Xinhua News Agency, Taiyuan, 10 Nov (Reporter Wei Biao) the reporter learned from the Shanxi Provincial State-owned assets Supervision and Administration Commission that according to the three-year transformation target of Shanxi's state-owned enterprises, by 2020, the proportion of the added value of the coal industry belonging to Shanxi's state-owned enterprises will be reduced to less than 50 percent. To realize the historical "structural inversion" of coal and non-coal industries. By the end of September 2019, that share had fallen to 56 per cent from 61.2 per cent in 2017.

In recent years, Shanxi has continuously optimized the distribution of state-owned capital, accurately promoted state-owned capital to march in the direction of energy revolution, concentrated in the direction of emerging industries, and optimized in the field of public services. The industrial structure of provincial state-owned enterprises is gradually developing from "one coal is dominant" to pluralistic development, and coal and non-coal industries are gradually realizing historical "structural inversion".

In 2019, Shanxi continued to optimize the distribution of state-owned capital. According to Zhang Hongyong, deputy director of the Shanxi Provincial assets Supervision and Administration Commission, since the beginning of this year, Shanxi SASAC has organized 27 provincial-owned enterprises to formulate their own high-quality transformation and development action plans for 2019 and to form a general action plan for provincial-owned enterprises. We should integrate the functional positioning and classification of enterprises, speed up the conversion of new and old kinetic energy, and further make good use of increment, invigorate the stock, and actively reduce the amount. At the same time, seven provincial coal enterprises were organized to formulate special plans for emerging industries. Seven provincial coal enterprises have planned seven emerging industries, namely, hydrogen energy, microwave applications, aerogels, optoelectronics, high-end manufacturing, modern logistics and trade, and superconducting strong magnetic applications. 25 emerging industry projects have been planned. The total planned investment is about 73 billion yuan.

In addition, according to the functional positioning and development needs of the enterprise, Shanxi SASAC has successively adjusted the cultivation business of Shanxi Traffic holding Group Co., Ltd., Shanxi Energy Transportation Investment Co., Ltd., Datong Coal Mine Group Co., Ltd., and Jinneng Group Co., Ltd. New industries such as modern logistics and new energy have been added as cultivation businesses.





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