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.
Rocket scientists and engineers conducted a major test last week on the propulsion system to be used on a new type of carrier rocket, which will be the backbone of China's future mission to land astronauts on the moon.
CNOOC Limited announced on Tuesday that it has achieved a high yield well in Beibu Gulf, with daily production reaching over 1,000 cubic meters of oil equivalent.
The State Grid Group, China's largest power utility company, announced on Monday the establishment of a county-wide zero planned power outage demonstration zone in Yizheng, a county-level city in Yangzhou city, Jiangsu province.
