Chinanews, Beijing, February 9 – According to Shao Ning, vice director of the State-owned Assets Supervision and Administration Commission (SASAC), the government's policies on the 7 absolute control industries do not reject private capitals, and they should not be blamed for no private capital's entry in this field.

 

The 7 absolute control industries include the war industry, power industry, oil industry, telecommunication industry, coal industry, aviation industry and maritime industry, all of which are the key industries to China's economic security and the subsistence of the Chinese.

 

SASAC emphasizes that central enterprises of the war, oil, power and telecommunication industries and their major subsidiaries will always be under the absolute control of state-owned capital, but private capital is welcome to participate in the enterprises that provide value-added services in these industries.

 

Experts believe this declaration shows SASAC's determination in enhancing control over the 7 industries.