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Which SOE will announce the largest single equipment upgrade investment by end of 2024?
2
Resolution / Starting Odds
China National Petroleum Corporation (CNPC) • 25%
State Grid Corporation of China (SGCC) • 25%
China Mobile • 25%
China Railway • 25%
Official announcements from Chinese government or state-owned enterprises, reputable news sources
Story
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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