Is Shanghai Electric Group a state-owned enterprise or a central enterprise?
Neither. According to the inquiry, Shanghai Electric Group refers to Shanghai Electric Group Co., Ltd., which is a joint venture. State-owned enterprises refer to enterprises wholly or indirectly owned or controlled by the state or government. These enterprises usually have an important position and role in the development of national economy. Central enterprises refer to state-owned enterprises directly managed or controlled by the central government, also known as central enterprises or state-owned super-large enterprises. Central enterprises occupy an important position in China's economic system and usually play an important role in national strategic industries, key fields and important economic sectors. Shanghai Electric Group Co., Ltd. is a joint venture, which is neither owned by the state nor controlled by the central government, so Shanghai Electric Group is neither a state-owned enterprise nor a central enterprise.