2 new bureaus to drive innovation and carbon goals at China’s state firms

China’s state assets watchdog has set up two new bureaus to strengthen the role of state-owned enterprises (SOEs) in the national innovation and social responsibility drive, especially relating to carbon emissions.The newly created innovation bureau will be tasked with driving technology upgrades, the incubation of new industries, and the development and application of core technology at SOEs, according to the State-owned Assets Supervision and Administration Commission of the State Council …

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