China's SOEs step up tech innovation, restructuring efforts
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E-mail China.org.cn, July 29, 2024
China's centrally administered state-owned enterprises (SOEs) expanded their R&D spending by an average of 14.5% each year from 2016 to 2020, and their investments in strategic emerging industries surged 32% in 2023, said Wang Hongzhi, vice chairman of the State-owned Assets Supervision and Administration Commission of the State Council, on Friday.
