China's centrally administered state-owned enterprises (SOEs) maintained robust research and development investment in 2025, with official data revealing a total R&D expenditure of 1.1 trillion yuan ($157.69 billion). This marks the fourth consecutive year of exceeding the trillion-yuan threshold, underscoring Beijing's commitment to technological self-reliance.
Pang Xiaogang, Deputy Director of the State-owned Assets Supervision and Administration Commission, emphasized that central SOEs have become crucial drivers of innovation. Their investments supported breakthroughs in quantum computing, advanced semiconductors, and next-generation renewable energy systems throughout 2025.
Strategic emerging industries received 2.5 trillion yuan ($359.5 billion) in funding last year, representing 41.8% of total SOE investments. This focus has stimulated growth across supply chains while developing new quality productive forces – a key component of China's economic modernization strategy.
Financial results showed central SOEs achieved 2.5 trillion yuan in combined profits during 2025, with total assets surpassing 95 trillion yuan ($13.7 trillion) by year-end. Analysts suggest these figures demonstrate improved operational efficiency alongside sustained innovation capacity.
