China's State-owned enterprises will spend more on research and development to bolster innovation-driven growth in the year's second half, which is expected to accelerate the country's industrial upgrading and boost exports of high value-added products, according to government officials and SOE executives.
China's centrally administered State-owned enterprises have completed over 95 percent of the measures outlined in the country's three-year action plan (2020-22) for SOE reforms by the end of June, the country's top State-owned assets regulator said on Friday.
China's central SOEs post steady revenue, profit growth in H1--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
BEIJING, July 22 (Xinhua) China centrally administered state-owned enterprises (SOEs) have seen steady growth in revenue and profit in the first half of 2022