BEIJING, June 6 -- Thirty-four Chinese centrally-administered state-owned enterprises (SOEs) inked 72 investment deals with the virus-hit Hubei Province earlier this week, according to the state-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
The move aims to revive the economy of Hubei, the hardest-hit province during the COVID-19 epidemic.
With a combined investment of 327.73 billion yuan (about 46.16 billion U.S. dollars), the deals cover various industries including new energy, environmental protection, intelligent manufacturing and information technology.
The SASAC will provide more policy support to promote cooperation between central SOEs and Hubei Province, said Hao Peng, chief of the SASAC.
Central SOEs have signed 623 cooperation agreements with Hubei since 2016, with total investment exceeding 1 trillion yuan. So far, nearly 80 central SOEs have invested in the province.
China currently has a total of 97 central SOEs.
At least 7 killed in Afghan Quran burning protests
Rapid-fire attacks kill 50 across Iraq
Gillard 'confident' she will stay as PM
Gillard says she has colleagues' strong support
Despite ban, smoking is rampant in Internet bars
Texas school district embarks on widespread iPad giveaway
Charities open to religious groups
Foodies drive gourmet market boom in S. Africa
Leaders, lawmakers discuss work report
Putin set for poll triumph
Expats fuel demand for domestic helpers
Forced labor outlawed for people in detention
ROK, US launch annual drills despite warning
Romney ekes out win in Ohio
Australian PM knocks out rival, but not discontent
Self-immolation acts condemned by deputies
Chavez 'stable' following surgery
Al-Qaida, Taliban rift emerges
Bin Laden's compound demolished
Foreign ambassadors note strength of China's growth
US, Philippines to hold joint military exercises
Hearing ends without ruling over iPad name
Elderly junkies find 'real freedom' at Dutch home
More US kids living in high-poverty areas
'Artificial leaf' may yield power source
Two girls commit suicide in pursuit of time travel fantasy
Investment to be stimulated
More US films set for China
EU undeterred by threat on oil supply
Lifeline thrown to city's bookstores