China’s centrally administered state-owned enterprises (SOEs) expanded effective investment in 2023, official data showed.
The total investment of central SOEs stood at 6.2 trillion yuan (about 873 billion U.S. dollars) last year, up 6.9 percent year on year, according to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
In 2023, fixed-asset investment (including real estate) of such companies went up 11.4 percent year on year to 5.09 trillion yuan, while their overseas investment registered a growth of 15.5 percent year on year.
During the period, investment of central SOEs in strategic emerging industries saw rapid growth of 32.1 percent to 2.18 trillion yuan, accounting for more than 35 percent of the total, according to the SASAC.
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