China's financial magazine Caixing on May 10, 2017, quoted the Chinese government as saying that almost 50 Chinese SoEs have invested or participated in nearly 1,700 projects in countries along the new Silk Road routes over the past three years. Xiao Yaqing, head of the State-Owned Assets Supervision and Administration Commission (SASAC), said on May 8, that SOEs have been building high-speed highways in many countries, such as the 750-km lines linking the Ethiopian capital of Addis Ababa with Djibouti, and the 480-km Mombasa–Nairobi railway in Kenya. He said SOEs are also building railways from China to Laos, and China to Thailand and that Chinese companies are building more than 60 energy projects in more than 20 countries along the Belt and Road routes, including oil and gas pipelines from Russia, Kazakhstan and Myanmar to China.China's Ministry of Commerce said in April that China has been building 56 such parks, with more than 1,000 companies having already moved in to do business. China hopes to negotiate and sign cooperation agreements with nearly 20 countries and over 20 international organizations.