Central SOEs invest 840 billion yuan in key emerging industries

China's central SOEs (state-owned enterprises) invested more than 840 billion yuan ($115 billion) in key emerging industries, including mobile telecom, artificial intelligence (AI), biotechnology and new materials, in the first eight months of 2023, up by 30 percent year-on-year, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) said on Wednesday.

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