BEIJING (Xinhua) – Beijing-administered state-owned enterprises (SOEs) have invested more than USD10 billion in construction along the Belt and Road (B&R), authorities said on Monday.
The money came from more than 20 municipally-administered SOEs and has been spent to promote infrastructure interconnectivity in over 30 B&R countries and regions, which includes the construction of airports, highways, oil and gas pipelines.
Energy resources and economic and trade cooperation have been strengthened as well, according to the state-owned assets supervision and administration commission of the municipal government.
The overseas assets of Beijing-administered SOEs reached CNY612.6 billion (about USD86 billion) in 2018, up 62.2 per cent from that of 2015.
Their operating income and total profit increased by 123.4 per cent and 16.4 times respectively last year to CNY151 billion and CNY9.75 billion during the same period.