Is the China-Indonesia project a state-owned enterprise?

No. Zhongwei Indonesia Project was established in July 2020 1 1, mainly engaged in real estate construction projects. This project is a joint venture, not a state-owned enterprise. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the state respectively.