China's central SOEs up investment in new infrastructure

23.06.2022

China's centrally administered State-owned enterprises (SOEs) are ramping up investment in new types of infrastructure to facilitate industrial transformation, data from the country's top State-asset regulator showed.

In 2021, over 700 subsidiaries of nearly 70 central SOEs invested a total of 400 billion yuan ($59.6 billion) in new infrastructure, according to...