Is the Three Gorges New Energy a State-owned Enterprise or a Central Enterprise?

The Three Gorges New Energy belongs to the central enterprises among state-owned enterprises, which are divided into central enterprises and local enterprises. China Three Gorges New Energy (Group) Co., Ltd. is a wholly-owned subsidiary of China Three Gorges Corporation and a strategic implementer of the new energy business of the Three Gorges Corporation.

What does state-owned enterprise mean?

State-owned enterprises, that is, state-owned enterprises, refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively.

State-owned enterprises are enterprises owned or controlled by the state for their capital, which are one of the pillars of national economic development and Socialism with Chinese characteristics.

State-owned enterprises can be said to be the eldest son of the Republic of China. In the early days of the People's Republic of China, in order to give priority to the development of heavy industry and accelerate national industrialization, state-owned assets and state-owned enterprises emerged.