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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.
/PRNewswire/ Since 2012, China has witnessed an extraordinary economic transition, with historic achievements in all aspects of the economy from its size to.
China's State-owned enterprises are expected to post higher revenues and build more pioneers in modern industrial chains this year as the country has completed all the major tasks of its three-year action plan for the reform of SOEs (2020-22), said market observers and business executives on Thursday.