Traditional industries have been accelerating their transformation, while strategic emerging industries are flourishing. — China Daily
BEIJING: China’s centrally-administered state-owned enterprises (SOEs) have played a leading role in developing new quality productive forces by investing more than one trillion yuan (US$139bil) annually in research and development (R&D) over the past two years, and major technological achievements have continued to emerge, according to a new report.
Traditional industries have been accelerating their transformation, while strategic emerging industries are flourishing, said the report on high-quality development of state-owned enterprises in 2024, which was released by the state-owned Assets Supervision and Administration Commission of the State Council last week.
