Assets of Chinese state-owned enterprises exceed 90 trillion yuan in 2024
BEIJING, 18 JANUARY / WAM / Official data issued by the State-Owned Assets Supervision and Administration Commission of China (SASAC) showed that the assets of central state-owned companies exceeded 90 trillion yuan (about 12 trillion US dollars) during the year 2024, recording an annual growth of 5.9 percent. %.
China Central Television quoted the committee as saying that the total profits of these companies amounted to 2.6 trillion yuan last year, while their investments in research and development recorded 1.1 trillion yuan for the third year in a row.
The committee explained that investments in fixed assets, including the real estate sector, rose by 3.9% to reach 5.3 trillion yuan, and investments in emerging strategic industries witnessed a growth of 21.8% to reach 2.7 trillion yuan, representing more than 40% of the total. Central corporate investments.
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