The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is an institution directly under the management of the State Council.
It is an ad-hoc ministerial-level organization directly subordinated to the State Council. The Party Committee of SASAC performs the responsibilities mandated by the Central Committee of the Chinese Communist Party.
China's first domestically produced large cruise ship, Adora Magic City, marked its 100th voyage in Shanghai, having attracted over 350,000 domestic and international tourists since starting commercial operations in early 2024.
