China’s State-Owned Enterprises Report 90 Trillion Yuan Asset Milestone in 2026
China’s state-owned enterprises hit 90 trillion yuan in assets by 2025, with profits surging 56.2% over five years, SASAC announces.
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Xi Calls on State Firms to Drive China’s Modernization Agenda
President Xi Jinping urges central state-owned enterprises to accelerate innovation and align with national goals, emphasizing their role in China’s 2025 modernization drive.
China’s Local SOEs Report 10.4% Rise in R&D Spending in H1 2024
Local state-owned enterprises in China have increased R&D spending by 10.4% in the first half of 2024, investing 249.57 billion yuan to boost innovation and technological advancement.
China Enhances Cooperation Between State-Owned and Private Enterprises for Economic Growth
China is enhancing cooperation between state-owned and private enterprises to promote coordinated development and economic growth, as announced by SASAC official Lin Qingmiao.