TREE NEWS update: China’s State-owned Assets Supervision and Administration Commission (SASAC) has formally issued the 15th Five-Year Plan for central state-owned enterprises, spokesperson and deputy director Pang Xiaogang said at a State Council Information Office briefing. The plan highlights value-added output while downplaying scale-based indicators such as operating revenue, Pang said, calling the drafting a centerpiece of this year’s work for state assets and central SOEs.
China’s SASAC Issues 15th Five-Year Plan for Central SOEs, Shifting Focus to Value-Added Output
AI take
The shift from revenue-scale targets to value-added output is a meaningful change in how China's largest state enterprises will be measured, since it redirects managerial incentives away from sheer expansion. Central SOEs span energy, infrastructure, telecoms and commodities, so their capital allocation decisions ripple into global supply chains and industrial demand. The open question is whether the new metric genuinely changes project selection at the subsidiary level, or remains a reporting-layer adjustment alongside existing scale-based assessments.
Generated by AI for reference only.
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