Is Sino-French Water Affairs State-owned in Xi Yanliang?

Xi Yanliang Sino-French Water is a state-owned enterprise. State-owned enterprises refer to enterprises invested or controlled by the central government or the federal government. In China, state-owned enterprises also include enterprises invested and controlled by local governments. Xi Anyanliang Sino-French Water is a joint venture between Taiwan, Hong Kong, Macao and China. Its business scope includes investing in urban water supply and drainage projects and related businesses in China, providing consulting services for its investors and providing market information and investment policy consulting services for its affiliated companies, which belongs to the scope of state-owned enterprises.