Tuesday, 21 September 2021 12:18 GMT

Further investment seen in fixed assets by China's central SOEs


(MENAFN)


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.

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