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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, Dec. 24 (Xinhua) — China's centrally-controlled state-owned enterprises (SOEs) posted steady growth in the first 11 months of 2025 amid efforts to boost innovation, official data showed.
In January-November this year, this group of enterprises realized added value of 9.5 trillion yuan (approximately 1.35 trillion US dollars), which is 1.4 percent more than in the same period last year, according to a meeting of officials from centrally-controlled state-owned enterprises that concluded on Tuesday.
During the reporting period, their total fixed asset investment, excluding real estate, increased by 0.7 percent year-on-year to 3.3 trillion yuan. Meanwhile, their investment in research and development (R&D) remained robust, totaling 890.16 billion yuan, with R&D intensity reaching 2.62 percent.
According to statistics, during the 14th Five-Year Plan period (2021-2025), the total R&D expenditure of centrally administered state-owned enterprises exceeded 5 trillion yuan. At the same time, their investment in emerging industries grew by more than 20 percent annually on average, and the number of scientific and technical personnel increased by almost 50 percent during this period.
“Looking back on the past five years, we have faced extremely complex situations and exceptionally challenging tasks, and the results we have achieved have been particularly difficult and extraordinary,” said Zhang Yuzhuo, head of the State-owned Assets Supervision and Administration Commission under the State Council. -0-
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