Net profits of China's central SOEs hit 1.2 trln yuan in Jan.-July

Source: Xinhua| 2021-08-19 20:02:11|Editor: huaxia

BEIJING, Aug. 19 (Xinhua) -- Net profits of China's centrally-administered state-owned enterprises (SOEs) saw robust growth amid steady economic recovery and reforms to make their operations more efficient, data from the country's top state assets regulator showed.

During the January-July period, net profits of central SOEs soared 112.4 percent on a yearly basis to 1.2 trillion yuan (about 185.03 billion U.S. dollars), the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council said in a conference.

According to the SASAC, the country's 96 central SOEs raked in 20 trillion yuan in combined revenues in the first seven months of 2021, up 27.4 percent year on year. Enditem

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