China's centrally-administrated state-owned enterprises have invested 2 trillion yuan (about $278.26 billion) in strategic emerging industries from January to November 2024, an increase of 18.7 percent over last year, according to published official data.
According to
Amac News: For the first time, this investment includes more than 40% of the total investments of centralized management state companies.
According to the State Assets Supervision and Administration Commission of the State Council of China (SASAC), during this period, state-owned enterprises generated 9.3 trillion yuan in added value.
According to the report of China Central Television (CCTV), the annual labor productivity rate of these companies increased by 3% compared to last year, and research and development expenses accounted for 2.6% of total expenses, which showed an increase of 0.1% compared to last year. .
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