The world's first ultra-high voltage flexible direct current (UHVDC) transmission project has commenced construction on Monday, said its operator State Grid Corporation of China, the country's largest power utility firm.
China's first large-scale cruise ship, the Adora Magic City, has completed 46 voyages since its launch on January 1, 2024, with passenger numbers exceeding 190,000 and a satisfaction rate of over 95 percent.
State-owned enterprises supervised and administered by local governments in China reported a 10.4 percent rise in R&D spending that amounted to 249.57 billion yuan ($35 billion) in the first half of 2024, according to the State-owned Assets Supervision and Administration Commission of the State Council.
China's centrally-administered State-owned enterprises will invest over 3 trillion yuan ($413.94 billion) for large-scale equipment upgrades over the next five years, aiming to stay at the forefront of the latest technological and industrial advancements, said government officials on Friday.
State Grid Corporation of China saw its annual grid investment surpass 600 billion yuan ($84 billion) for the first time this year, the company said on Friday.
Fueled by China's tailor-made market-oriented reforms and industrial upgrades, both the profit and export value of the country's State-owned enterprises are expected to grow stably in the second half, analysts said on Wednesday.
China's top state assets regulator released the inaugural list of centrally-administered state-owned enterprises (SOEs) leading in science and technology innovation on Wednesday.
China's state-owned enterprises (SOEs) maintained steady operations in the first half of the year, with total revenue showing an increase, according to official data released on Wednesday.
