Li Zhen, deputy director of the State-owned Assets Supervision and
Administration Commission (SASAC), said central state-owned enterprises operate
in more than 180 countries and regions with over 17,000 overseas units and
projects and hold nearly 10 trillion yuan in offshore assets. In the first three
Quarters they imported from 177 countries/regions, with import value up 5.1%
YoY. As of end-September central SOEs had 301 joint ventures/cooperation
projects across 39 countries, with cumulative utilized foreign investment
exceeding $120 billion.