Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, attends a press conference held by the State Council Information Office (SCIO) on forging ahead during the 14th Five-Year Plan period (2021-2025) and driving the high-quality growth of central SOEs in Beijing, capital of China, Sept. 17, 2025. (Xinhua/Zhang Yuwei)

BEIJING, Sept. 17 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) have achieved robust growth in both total assets and profits during the 14th Five-Year Plan period (2021-2025), according to the state assets regulator on Wednesday.

Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, revealed at a press conference that the centrally administered SOEs' total assets have expanded from under 70 trillion yuan (about 9.86 trillion U.S. dollars) to over 90 trillion yuan, while total profits have increased from 1.9 trillion yuan to 2.6 trillion yuan. This represents average annual growth rates of 7.3 percent and 8.3 percent, respectively.

"After years of dedicated efforts, the centrally administered SOEs have made substantial progress in innovation capacity," Zhang noted, highlighting that their research and development expenditures have exceeded 1 trillion yuan for three consecutive years.

Additionally, the centrally administered SOEs have contributed over 10 trillion yuan in taxes and fees during the period, Zhang added. ■

Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, attends a press conference held by the State Council Information Office (SCIO) on forging ahead during the 14th Five-Year Plan period (2021-2025) and driving the high-quality growth of central SOEs in Beijing, capital of China, Sept. 17, 2025. (Xinhua/Zhang Yuwei)

Journalists work at a press conference held by the State Council Information Office (SCIO) on forging ahead during the 14th Five-Year Plan period (2021-2025) and driving the high-quality growth of central SOEs in Beijing, capital of China, Sept. 17, 2025. (Xinhua/Zhang Yuwei)

The State Council Information Office (SCIO) holds a press conference on forging ahead during the 14th Five-Year Plan period (2021-2025) and driving the high-quality growth of central SOEs in Beijing, capital of China, Sept. 17, 2025. (Xinhua/Zhang Yuwei)

A journalist asks questions at a press conference held by the State Council Information Office (SCIO) on forging ahead during the 14th Five-Year Plan period (2021-2025) and driving the high-quality growth of central SOEs in Beijing, capital of China, Sept. 17, 2025. (Xinhua/Zhang Yuwei)