Overseas assets held by China's centrally owned firms top 6t yuan

Beijing

THE value of overseas assets held by China's centrally owned enterprises has exceeded 6 trillion yuan (S$1.2 trillion), with investments in more than 185 countries and regions, the state assets regulator said on Wednesday.

China's state-owned enterprises (SOEs) are spearheading investment in infrastructure projects overseas along the ancient Silk Road land and sea trade routes, part of Beijing's signature Belt and Road initiative. Firms owned by the central government have co-built 1,676 projects with countries along "the Belt and Road", the state assets regulator said in a handout ahead of a news conference on the sidelines of the 19th Party Congress in Beijing.