Huang Shuhe, Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), met with Klaus Schwab, the Executive Chairman of the World Economic Forum (WEF) on May 28.

As Huang explained, under the spirit of the Third Plenary Session of 18th CPC Central Committee, the SASAC would deepen the state-owned enterprises’ (SOE) reform and improve the supervision and administration system on state-owned capital.

Meanwhile, he also proposed three suggestions for the further development of the World Economic Forum: first, paying more attention to fair competition in the process of economic globalization; second, focusing on the formulation of international economic rules; third, integrating different countries’ strengths and promoting sustainable development, hand in hand.

He said that SASAC encouraged SOEs to take part in the activities held by WEF and to learn from the advanced experience of world-class counterparts, so as to gain win-win results.

During the meeting, Mr. Schwab expressed his favor of Huang’s words and thanked the SASAC for their continued support for WEF’s development in China. He hoped that the Forum would better serve the SOEs in the future.

Officials from the Planning Bureau, Research Bureau and Bureau of Foreign Affairs of SASAC were also present at the meeting.

Edited by Wang Yifei and Brian Salter