China's central SOEs keep R spending above 1 trillion yuan for 4 straight years

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China's central SOEs keep R spending above 1 trillion yuan for 4 straight years

China's central SOEs keep R spending above 1 trillion yuan for 4 straight years

Xinhua
28 Jan 2026, 08:16 GMT+

BEIJING, Jan. 28 (Xinhua) -- China's state-owned enterprises (SOEs) directly administered by the central government invested 1.1 trillion yuan (about 157.69 billion U.S. dollars) in research and development (R) in 2025, official data showed on Wednesday.

The R spending has remained above 1 trillion yuan for four consecutive years, said Pang Xiaogang, deputy head of the State-owned Assets Supervision and Administration Commission of the State Council.

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