Published on: 2026-07-23
Source: People’s Republic of China — Translation
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Beijing, July 23 /Xinhua/ — In the first half of 2026, centrally administered enterprises /CAE/ intensified their efforts to achieve breakthroughs in key technologies, and their investment in research and development /R&D/ increased by 3.8 percent year-on-year.
According to data from the Committee for Control and Management of State-owned Assets under the State Council of the PRC, the increase in R&D expenditures became possible thanks to the efforts of SOEs to modernize, optimize the industry structure, and deepen reforms.
The head of the Committee for Control and Management of State-owned Assets under the State Council of the PRC, Cheng Fubo, noted that in the first half of the year, the CPPCC actively responded to a number of challenges and uncertainties, ensuring sustainable development.
For the reporting period, the total profit of central enterprises reached 1.4 trillion yuan (about 206 billion US dollars), while their investments in fixed assets increased by 4.5 percent year-on-year, the Committee’s data showed.
In the second half of the year, the State Council Leading Group for Promoting Consumption (GPCP) will focus efforts on strengthening the favorable dynamics of economic activity, promoting original innovations and addressing tasks in key technology areas, facilitating deep transformation and modernization of industry to ensure high-quality implementation of the new round of reform plans, noted the Committee for State-owned Assets Supervision and Administration under the State Council of China. -0-
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