China says state-owned enterprises in the quake-hit regions have suffered heavy economic losses. But as most of them are recovering from the devastation, it does not expect a substantial impact on this year's economic performance. CRI's Zheng Chenguang reports.

Reporter:

Though victims of the earthquake, state-owned enterprises in Sichuan have been active in joining local relief work. So far they have donated more than 2 billion yuan or about 260 million US dollars in relief aid.

Besides donations of money, the enterprises have also offered large quantities of food, medicine, telecommunication equipment, fuel and other emergency supplies to the quake zone.

Li Rongrong is the director of the State Owned Assets Supervision and Administration Commission.

"When facing huge natural disasters, the state-owned enterprises are among the first to come forward with aid. I can truly say that all these enterprises are fighting against the disaster in their own way. They are working hard to resume production so as to alleviate the burden on the country."

Li Rongrong says as the earthquake dealt a fatal blow to infrastructure, enterprises like State Grid, Sino-Hydro and China Railway Construction Corporation are among the hardest-hit ones. The government has pledged to provide favorable policies for their early recovery.

On suspicions over its impact on the economic prospects, the official believes that the earthquake will not affect overall development for the enterprises, so there is no intent to adjust their production goals.

"Despite the great loss caused by the earthquake, overall development in the country as well as in its state-owned enterprises have not changed. So I don't think that it will affect the country's economic development. Judging from the current situation, we will still be able to reach our target for this year."

Li Rongrong adds that central enterprises have the ability to take good care of staff that have been affected by the earthquake.

China has set its goal of annual GDP growth to around 8 percent, 3 percent lower than that of last year.

Zheng Chenguang, CRI News.