(MENAFN) China's centrally administered state-owned enterprises (SOEs) have been intensifying efforts to support areas of abject poverty, with 590 million yuan of funds invested last year.
According to the State-owned Assets Supervision and Administration Commission (SASAC), centrally administered SOEs carried out more than 1,500 poverty relief projects in regions with abject poverty, last year.
A poverty relief fund backed by the SASAC and central SOEs has attracted 15.4 billion yuan in capital, and As of April, 9.2 billion yuan had been invested in 45 projects in poor areas.
An official with SASAC said that policy makers have listed poverty alleviation as one of the country's "three tough battles" for the next three years, along with risk prevention and pollution control.
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