Profits of Chinese SOEs rise 7 pct in Q1
Source: Xinhua | 2022-04-27
The combined profits of China's state-owned enterprises (SOEs) rose 7 percent year on year to nearly 1.02 trillion yuan (about 155.5 billion U.S. dollars) in the first quarter of the year, official data showed on Tuesday.
The SOEs raked in 18.6 trillion yuan in operating revenue in the first three months, 12.9 percent higher than in the same period last year, according to data from the Ministry of Finance.
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