emirates7 - In 2024, China's centrally-administered state-owned enterprises (SOEs) saw their total assets exceed 90 trillion yuan (approximately US$12 trillion), marking a 5.9 percent increase compared to the previous year.
The State-owned Assets Supervision and Administration Commission (SASAC) reported that these enterprises achieved total profits of 2.6 trillion yuan.
Their spending on research and development surpassed 1.1 trillion yuan for the third consecutive year. Fixed-asset investment, which includes real estate, grew by 3.9 percent year-on-year to 5.3 trillion yuan. Investment in strategic emerging industries notably reached 2.7 trillion yuan, up by 21.8 percent year-on-year, accounting for over 40 percent of the total investment.
The State-owned Assets Supervision and Administration Commission (SASAC) reported that these enterprises achieved total profits of 2.6 trillion yuan.
Their spending on research and development surpassed 1.1 trillion yuan for the third consecutive year. Fixed-asset investment, which includes real estate, grew by 3.9 percent year-on-year to 5.3 trillion yuan. Investment in strategic emerging industries notably reached 2.7 trillion yuan, up by 21.8 percent year-on-year, accounting for over 40 percent of the total investment.