R&D input by China's central SOEs grows 11.3% in 2020

China's centrally administered state-owned enterprises (SOEs) invested 3.4 trillion yuan in R&D during the 13th Five-Year Plan period (2016-2020), and registered an 11.3% year-on-year growth in 2020, an official said at a press conference on Tuesday.

February 24, 2021

China's central SOEs see profits rise 2.1% in 2020

China's centrally administered state-owned enterprises (SOEs) saw a profit growth in 2020 despite the impact of the COVID-19 outbreak. Their net profits hit 1.4 trillion yuan (US$215.77 billion), up 2.1% year on year, according to an SCIO briefing on Tuesday.

February 24, 2021

Chinese SOEs mull development plans for 2021-2025

China's centrally-administered state-owned enterprises (SOEs) are making growth plans for the 14th Five-Year period (2021-2025), with a focus on high-quality development to underpin broader economic and social development.

February 24, 2021

Overseas revenues of Chinese central SOEs exceed 24 trillion yuan in 2016-2020

During the 13th Five-Year Plan period (2016-2020), China's central SOEs achieved a total overseas operating revenue of over 24 trillion yuan and a total profit of nearly 600 billion yuan, and their rate of return on foreign investment reached 6.7%.

February 23, 2021