Briefly

Central SOEs focus on emerging sectors

China's centrally administered State-owned enterprises completed investment of 2 trillion yuan ($278.26 billion) in strategic emerging industries from January to November, a year-on-year increase of 18.7 percent, said the State-owned Assets Supervision and Administration Commission of the State Council. Investment in emerging industries accounted for more than 40 percent of central SOEs' total investment for the first time. During the period, central SOEs achieved an added value of 9.3 trillion yuan. Their annualized labor productivity for all employees increased 3 percent year-on-year, and the intensity of R&D expenditure was 2.6 percent during the period.

Over 4.5m firms in core digital industry

The total number of enterprises in the core industries of China's digital economy topped 4.57 million as of the end of November, said the China Organization Data Service. The figure marked an increase of 17.99 percent from the end of 2023. The number of enterprises in the digital technology application industry came in at 2.17 million, while those in the digital factor-driven industry logged in at 1.96 million, followed by 236,300 firms in the digital products service sector and 208,200 in the digital products manufacturing sector.

Xinhua - China Daily