Further investment seen in fixed assets by China's central SOEs
According to figures, an amount of about USD268.94 billion was invested by China's centrally-administered state-owned enterprises (SOEs) during the period from January to September, in a rise by 11.3 percent from the past year.
The State-owned Assets Supervision and Administration Commission (SASAC) stated that, the expansion level was 5.5 percent higher than that during the period from January to August, a registration high this year.
In a monthly rise of 66.7 percent, central SOEs invested around USD50 billion during September.
As given in SASAC data, the annually expansion levels of investments achieved by central SOEs came in at 14.8 percent and 17.6 percent, respectively, in the period from April to June and from July to September.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.