Global EditionASIA 中文双语Français
Home / Business / SOE

China's central SOEs spend more on R&D

Xinhua | Updated: 2021-02-12 19:35
Share - WeChat

BEIJING -- China's centrally-administered state-owned enterprises (SOEs) spent more on research and development (R&D) in 2020 amid efforts to boost innovation-driven development, according to the country's state-asset regulator.

Their R&D input grew 11.3 percent year on year, while R&D intensity, the percentage of revenue that is reinvested in R&D, rose to 2.55 percent, data from the State-owned Assets Supervision and Administration Commission of the State Council showed.

The R&D intensity of central industrial enterprises reached 3 percent.

Revenue of the central SOEs went down 1.9 percent year on year in 2020, according to data from the Ministry of Finance.

Central SOEs have played a larger role in leading innovation efforts as well as actions to improve the industrial and supply chains. They have built more than 400 innovation platforms and promoted the coordination and development of small and medium-sized enterprises.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349