China's top economic regulator, the National Development and Reform Commission, held a symposium with seven major state-owned enterprises on June 2, 2026, to deepen corporate reform and align with the country's dual carbon goals. The meeting emphasized green transition, clean coal utilization, energy security, and building a unified national market. Executives from firms like China Shenhua Coal to Liquid and Chemical Co. and China Resource Recycling Group discussed practical challenges and policy suggestions. The NDRC chairman urged SOEs to lead in technological innovation, industrial control, and security support, while implementing the dual carbon strategy for a green transition. Key priorities include advancing clean and low-carbon coal use, promoting the coal chemical industry, ensuring secure energy supply, and reducing logistics costs. Experts noted that deepening SOE reform is now central to building national strategic capacity in areas like AI and advanced manufacturing. This symposium signals that China is pushing state capital toward strategic emerging industries, with a focus on integrating energy and digital technologies. The move aims to transform institutional advantages into practical breakthroughs for industrial upgrades and to support sustainable growth, while also fostering complementary growth with private small businesses.
