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flag Chinese state-owned firms grew assets and profits significantly, paid over $1.4 trillion in taxes, and invested over $140 billion in R&D during the 14th Five-Year Plan.

flag China's centrally administered state-owned enterprises saw their total assets grow from under 70 trillion yuan to over 90 trillion yuan, and profits rise from 1.9 trillion to 2.6 trillion yuan during the 14th Five-Year Plan period, with average annual growth rates of 7.3% and 8.3% respectively. flag They contributed over 10 trillion yuan in taxes and fees and spent more than 1 trillion yuan on research and development for three consecutive years.

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