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Public feedback will have a bigger weighting when authorities assess the performance of SOEs that serve social purposes, while commercial SOEs will be mainly assessed by their competitiveness and profitability, according to the guideline.

China will support steel and coal companies to engage in mass entrepreneurship and innovation to create new job opportunities.

According to a statement issued after the meeting, attendees called for full assessment of ongoing reforms in all sectors, prioritizing and focusing on key issues to advance reforms.

The demand for infrastructure development in Asia is enormous. Institutions for infrastructure investment, old or new, have much to offer each other, and may well work together through joint financing, knowledge sharing and capacity building. They may engage each other in benign competition, learn from and reinforce each other, and move forward in tandem. This is a way to allow multilateral development institutions to contribute more to infrastructure connectivity and sustainable economic development in the region.

Chinese Premier Li Keqiang first proposed industrial capacity cooperation at the 13th SCO prime ministers' meeting in the Kazakh capital city of Astana in Dec. 2014.