Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Sept. 17 (Xinhua) — China's centrally-governed state-owned enterprises (SOEs) saw steady growth in assets and profits during the 14th Five-Year Plan period (2021-2025), the State-Owned Assets Supervision and Administration Commission of the State Council reported on Wednesday.
Zhang Yuzhuo, chairman of the aforementioned committee, said at a press conference that during the reporting period, the total assets of the GPCs grew from less than 70 trillion yuan (about 9.86 trillion US dollars) to more than 90 trillion yuan, and their total profits increased from 1.9 trillion to 2.6 trillion yuan, achieving an average annual growth rate of 7.3 percent and 8.3 percent, respectively.
"After years of dedicated efforts, centrally-controlled SOEs have made significant progress in innovation capacity," Zhang Yuzhuo noted, emphasizing that the centrally-controlled SOEs' R&D expenditure has exceeded 1 trillion yuan for three consecutive years.
In addition, during the 14th Five-Year Plan period, the State Customs and Enterprises (GCPs) contributed a total of more than 10 trillion yuan in taxes and fees, Zhang Yuzhuo added. -0-
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