LINE

Text:AAAPrint
Economy

China central SOEs profits grow slightly

1
2017-01-13 20:13Xinhua Editor: Wang Fan ECNS App Download

China's state-owned enterprises (SOEs) administered by the country's state-asset regulator saw profits slightly up in 2016.

Central SOEs made total profits of 1.23 trillion yuan (around 178 billion U.S. dollars), up 0.5 percent year on year, the State-owned Assets Supervision and Administration Commission said in a statement.

Growth picked up from a 5.6-percent decrease in 2015.

Revenues of these companies rose 2.6 percent year on year to 23.4 trillion yuan.

Some 96 central SOEs reported year-on-year profit growth last year, the statement said.

The improving figures came as the country's economy grew at a steady pace. In the first three quarters of 2016, the economy expanded 6.7 percent year on year, well within the government's annual growth target of between 6.5 and 7 percent.

China has 102 centrally administered SOEs, which manage the bulk of the country's state assets.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.