China's SOEs see solid profit growth in first seven months

2019-08-26
Xinhua

BEIJING — Profits of Chinese State-owned enterprises (SOEs) grew steadily in the first seven months of 2019, official data showed on Aug 26.

The combined profits of China's SOEs rose 7.3 percent year-on-year to 2.14 trillion yuan ($302.63 billion) for the Jan-July period, the Ministry of Finance said on its website.

Total revenues of the SOEs reached 34.47 trillion yuan during the period, up 7.7 percent from a year earlier.