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Which sector will receive the largest share of the 3 trillion yuan investment by China's SOEs by end of 2026?
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Official reports from China's central government or state-owned enterprises
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China Announces $41 Billion Initiative, 3 Trillion Yuan SOE Investment in Equipment Upgrades
Jul 26, 2024, 03:27 AM
China has disclosed a US$41 billion initiative aimed at upgrading the country's industrial and household equipment. Over the next five years, centrally-administered state-owned enterprises (SOEs) will invest more than 3 trillion yuan in large-scale equipment upgrades and renovations. This initiative is part of a broader plan to boost consumption and drive technological innovation. The central government-administered SOEs have made technological innovation their top priority, resulting in increased research investments and multiple breakthroughs in recent years.
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