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 billion) during this period, said the State-owned Assets Supervision and Administration Commission of the State Council.

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.