Is China Machinery Industry Group Co., Ltd. a central enterprise?
China Machinery Industry Group Co., Ltd. is a central enterprise. China Machinery Industry Group Co., Ltd. is the 37th large-scale central enterprise group supervised by the State-owned Assets Supervision and Administration Commission of the State Council, and it is a vice-ministerial central enterprise. China Machinery Industry Group Co., Ltd. was established in 1997 1, referred to as "SINOMACH". 20 13 was reorganized with China No.2 Heavy Machinery Group Corporation in July, becoming an important state-owned backbone enterprise directly managed by the central government and a Fortune 500 enterprise. Central enterprises, also known as enterprises directly under the central government and enterprises under central management, refer to state-owned enterprises in People's Republic of China (PRC) and the State Council (the Central People's Government) or their authorized institutions, such as the Ministry of Finance and the State-owned Assets Supervision and Administration Commission of the State Council, which perform the responsibilities of investors on behalf of the State Council. Central enterprises were born in the early days of 1978 reform and opening up. After years of deepening reform, they have changed from the adjustment of the interest relationship between the state and enterprises under the state-owned form to the diversified reform of public ownership, from the reform of enterprises themselves to the comprehensive economic system reform with the reform of state-owned enterprises as the core. Central enterprises have become an important part of Socialism with Chinese characteristics's theoretical system. As an important economic pillar of the country, central enterprises bear the important responsibility of promoting national economic development and safeguarding national interests. Through a series of deepening reforms, central enterprises constantly adjust and optimize their own business models and management mechanisms, constantly optimize the industrial structure of central enterprises, and support the upgrading of China's industrial structure and the transformation of economic growth mode.