Central SOE’s Post Flourishing Profit Growth
China’s centrally run state-owned enterprises have posted solid performance results for the first third of 2017 according to the latest data from the State-owned Assets Supervision and Administration Commission.
According to data from SASAC the total business revenue of China’s 102 central SOE’s increased 18.6% during the first four months of 2017 compared to the same period last year, hitting 8 trillion yuan in total
Combined profits saw an 18.1% year-on-year gain over the same period to reach 445 billion yuan ($64.7 billion).
Data from the Ministry of Finance indicates that the combined profits of all Chinese SOE’s also saw strong growth during the first four months of 2017, rising 24.8% compared to the same period last year to reach 825 billion yuan.