中文       Deutsch       Français       日本語
Search      Subscribe
Home    Nation    World    Business    Opinion    Lifestyle    China Focus    ChinAfrica    Multimedia    Columnists    Documents    Special Reports
Latest Headlines
China's SOE Profits Grow at Faster Pace
 

Profit growth in China's state-owned enterprises (SOEs) accelerated in the first half of the year, official data showed.

Combined profits reached 1.72 trillion yuan ($253 billion) for the January-June period, up 21.1 percent year on year, according to the Ministry of Finance.

The pace of growth quickened from the 20.9-percent rise registered in the first five months.

SOE business revenue rose 10.2 percent to about 27.8 trillion yuan in the first six months, while their operating costs expanded 9.5 percent year on year to 26.7 trillion yuan.

By the end of June, total assets of SOEs reached 171 trillion yuan, up 9.4 percent from a year earlier, while liabilities climbed 8.8 percent to 111 trillion yuan.

In the first half of the year, SOEs in sectors including iron steel, oil, petrochemicals and non-ferrous metals posted dramatic profit increases, which are higher than revenue increases.

(Xinhua News Agency July 24, 2018)

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CGTN   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China Job.com   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
Print
Chinese Dictionary: