China's SOEs Invest 2 Trillion Yuan ($278.26 Billion) in Emerging Industries, Up 18.7% Year-on-Year, Over 40% of Total Investment

Dec 24, 2024, 11:37 PM

In the first 11 months of 2024, China's centrally administered state-owned enterprises (SOEs) invested 2 trillion yuan (approximately $278.26 billion) in strategic emerging industries, marking an 18.7% increase year-on-year, according to official data released on December 24. This investment accounted for over 40% of the total investment by central SOEs for the first time. The data reflects a continued commitment by these enterprises to bolster the real economy and accelerate their engagement in emerging industries.