China's centrally administered state-owned enterprises (SOEs) have achieved a historic financial milestone, with total assets surpassing 90 trillion yuan ($13.05 trillion) as of 2025, according to SASAC Chairman Zhang Yuzhuo. This represents a 28.6% increase from 2021 levels, underscoring the sector's resilience amid global economic uncertainties.
The figures revealed this week show total profits grew 56.2% during the 2021-2025 period compared with the previous five years. This robust performance comes as China continues implementing SOE reforms focused on technological innovation and market-oriented operations.
"These results demonstrate the crucial role of SOEs in stabilizing China's economy and driving high-quality development," Zhang stated during a press briefing in Beijing. Analysts suggest the strengthened SOE sector positions China favorably for achieving its 2026 economic targets, particularly in strategic industries like renewable energy and advanced manufacturing.
The asset growth coincides with increased overseas investment from Chinese SOEs, particularly in Belt and Road Initiative partner countries. However, some international observers caution about potential market distortions, while Chinese economists emphasize the enterprises' growing operational efficiency.
