Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, July 24 (Xinhua) — China's locally-controlled state-owned enterprises have operated stably this year despite various difficulties, according to the State-owned Assets Supervision and Administration Commission under the State Council.
According to official data, the added value of local enterprises was 3.7 trillion yuan (about 518.32 billion U.S. dollars) in the first half of 2025, with their total fixed asset investment reaching 2.7 trillion yuan.
During the reporting period, local SOEs' R&D expenditures grew steadily, reaching 265.55 billion yuan, amid efforts by enterprises to accelerate scientific and technological innovation.
At a meeting earlier this year, the State Property Supervision and Administration Committee called on all local state-owned enterprises to strengthen scientific and technological innovation potential and improve effective mechanisms for stimulating innovation, identifying this as a key task for the current year.
In 2024, the total added value of China's local SOEs was 7.7 trillion yuan. –0–
Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.
.