This aerial photo taken on Feb 1, 2023 shows the construction site of an aerospace industry incubator project in Gui'an New Area, southwest China's Guizhou province. (PHOTO / XINHUA)

BEIJING — The investment of China's centrally administrated state-owned enterprises (SOEs) in strategic emerging industries surged about 30 percent from a year earlier in the first eight months of 2023, according to the country's top state-asset regulator.

Such investment totalled more than 840 billion yuan (about $116.99 billions) during this period, said the State-owned Assets Supervision and Administration Commission of the State Council.

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Last year, investment of the central SOEs in strategic emerging industries accounted for more than 20 percent of the total investment made by these enterprises, according to a report released by the research center of the commission.