China's central SOEs achieve 2.5 tln yuan of total profits in 2025

China's centrally administered state-owned enterprises (SOEs) have posted a combined total profit of 2.5 trillion yuan (about 360 billion U.S. dollars) in 2025, official data showed on Wednesday. By the end of 2025, the centrally administered SOEs' total assets have exceeded 95 trillion yuan (about 13.66 trillion U.S. dollars), while total profits have reached 2.5 trillion yuan. The investment by the central SOEs in fixed assets totaled 5.1 trillion yuan. The central SOEs have contributed more than 2.5 trillion yuan in taxes and fees during this period, effectively driving the interconnected development of both upstream and downstream businesses of the country's industrial chains, data from the state assets regulator showed. "In 2025, 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&D) . The R&D spending has remained above 1 trillion yuan for four consecutive years. Twenty-two new academicians were elected to the Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE), a record high in history. A total of 23 innovation consortia incorporated more than 100 new innovation entities to tackle key challenges, achieving a series of breakthroughs in frontier fields and further highlighting the pivotal role of national strategic scientific and technological capabilities," said Pang Xiaogang, deputy head of the State-owned Assets Supervision and Administration Commission of the State Council.

China's central SOEs have played an important role in advancing key technologies, fostering strategic emerging industries, and developing new quality productive forces.

In 2025, the central SOEs invested 2.5 trillion yuan in strategic emerging industries, accounting for 41.8 percent of their total investment, which has boosted the growth across upstream and downstream enterprises of the country's industrial chains, providing strong support for China's overall economic and social development.

China's central SOEs achieve 2.5 tln yuan of total profits in 2025

China Media Group (CMG) on Wednesday held a send-off ceremony for its team assigned to cover the Milan-Cortina 2026 Olympic Winter Games.

At the event, CMG President Shen Haixiong delivered a mobilization speech to rally the delegation.

As an official rights-holding broadcaster for the 2026 Milan-Cortina Games and the only media organization involved in producing the 8K international public broadcast signal, CMG aims to integrate cutting-edge technologies into event broadcasting and signal production.

CMG will, for the first time in history, be responsible for the production of an ultra high-definition international public signals for figure skating and short track speed skating events at the 2026 Winter Olympics. In addition, CMG will also produce 8K broadcast signals for four events: the opening ceremony, the closing ceremony, figure skating, and short track speed skating.

The "China Red" fleet of 4K/8K ultra-high-definition broadcast vehicles dispatched by CMG arrived at the renowned San Siro Stadium in Italy's Milan on January 13, and has completed its setup and deployment.

The century-old stadium is scheduled to host the opening ceremony of the Winter Olympics on February 6.

CMG had reserved a 1,700-square-meter working area at the Milan International Broadcasting Center, along with a 223-square-meter Central Technical Area equipment room. Three studio systems have been established, fully covering core functions.

CMG holds send‑off ceremony for 2026 Winter Olympics coverage team