Now for a look at some of the achievements made by China state-owned enterprises during 2017.

China centrally administrated SOEs registered 26 trillion yuan in revenue in 2017, up 13 percent on year. Those firms's profits stood at 1.4 trillion yuan, a 15 percent increase on year. The profits and growth was the best in five years. The centrally administrated SOEs' total assets topped 54 trillion yuan while net assets stood at 18 trillion yuan in 2017. The SOEs paid about 2 trillion yuan in taxes in 2017, a 5 percent increase. The achievements came thanks to supply side reforms. Corporate governance reforms, deleveraging and inventory reductions also helped reduce costs and boost efficiency.