Investment of China's central SOEs in strategic emerging industries at high level: report

A staff member conducts riveting operation of an AC332 helicopter at a workshop of the Aviation Industry Corporation of China in north China's Tianjin, May 19, 2022. (Xinhua/Zhao Zishuo)

BEIJING -- The investment of China's centrally administrated state-owned enterprises (SOEs) in strategic emerging industries remained at a high level in 2022, according to a report.

The figure accounted for more than 20 percent of the total investment, according to the report released by the research center of the State-owned Assets Supervision and Administration Commission of the State Council.

Investment in new-energy vehicles, communications and electronics manufacturing maintained double-digit growth, the report stated.