China's state-owned enterprises (SOEs) directly administered by the central government reported steady growth in the first 11 months of 2025, with intensified efforts in innovation, official data showed.
The central SOEs reported a combined added value of 9.5 trillion yuan (about 1.35 trillion U.S. dollars) during the period from January to November, up 1.4 percent year on year, according to figures released on Tuesday following a meeting between the heads of central SOEs.
Excluding the real estate sector, their fixed-asset investment rose 0.7 percent year on year to hit 3.3 trillion yuan. Research and development spending maintained strong momentum, exceeding 890 billion yuan during the first 11 months.
During China's 14th Five-Year Plan period (2021-2025), which lays out the country's key development goals and priorities over a five-year planning cycle, the central SOEs have invested a cumulative total of more than 5 trillion yuan in research and development, with authorities stressing the need to promote innovation as a key driver of high-quality development.
Their investment in emerging industries grew at an average annual rate of over 20 percent during this period, while the number of scientific and technological personnel increased by nearly 50 percent, further highlighting the strategic importance of these fast-growing sectors.
During the last five years, the central SOEs achieved robust growth in scale, profitability, and innovation. Their total assets rose by 7 percent, and profits grew by 8 percent, while they have contributed over 1.4 trillion U.S. dollars in taxes and fees, according to the latest data.
As China puts an increasing emphasis on nurturing the economic potential of its so-called "new quality productive forces," the centrally-owned enterprises have also been embracing the move towards developing high-end manufacturing, opening more smart factories, and introducing more intelligent systems amid the ongoing digital transformation.
Meanwhile, efforts are also being made to deliver green development, with overall energy consumption and carbon dioxide emissions being significantly reduced as part of this drive.
China's central SOEs report stable growth in first 11 months
Russia said on Wednesday that its armed forces gained control over a settlement in Zaporizhzhia region in southeastern Ukraine, while Ukraine said on the same day that its armed forces attacked multiple Russian strategic infrastructure.
The Russian Ministry of Defense said in its latest report that Russian forces brought under controlled the Zarechnoye Settlement in Zaporizhzhia Region and attacked Ukrainian troops in the direction of Sumy and Kharkiv in northeastern Ukraine over the past 24 hours.
The ministry also said that over the past day, Russian forces struck Ukrainian military-industrial enterprises, energy facilities, transportation infrastructure, and temporary deployment points of Ukrainian troops and foreign mercenaries across 147 locations.
Meanwhile, the General Staff of the Armed Forces of Ukraine said in a war report released on Wednesday that Ukrainian forces attacked multiple Russian targets earlier on the day.
The report said that a synthetic rubber plant, which was located in the Russian city of Yefremov in the Tula Region and was used to produce components for plastic explosives and key raw materials for solid rocket fuel, was attacked.
It also reported that the Ukrainian forces struck a Russian base for unmanned vessel storage and maintenance in Crimea.
Russia's Federal Security Service (FSB) said on the same day that Russian forces thwarted a planned sabotage and terrorist attack targeting critical infrastructure in the Tyumen Region.
According to the FSB, the suspect acted on orders from Ukrainian special services and planned an attack on a dispatch station of a major oil pipeline operated by the Russian company Transneft.
The individual attempted to extract components he had bought from a cache to assemble an improvised explosive device earlier on the day. When security personnel tried to capture him, he offered armed resistance and was eventually neutralized, the FSB said.
Also on Wednesday, Ihor Terekhov, mayor of Kharkiv, said that a thermal power plant on the outskirts of the city was attacked by Russian forces on the day, resulting in one death and 13 injuries so far.
Additionally, the attack has directly impacted local heating supply and public transportation operations.
Russia claims controlling new settlement, Ukraine reports striking Russian strategic infrastructure
