Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Chinese SOEs' profits continue strong rally

September 26, 2018


Abstract : Profits of China's State-owned enterprises (SOEs) continued to grow steadily in the first eight months of this year, but at a slower pace.

为了“走出去”企业更好地构筑全球创新网络,整合全球有效资源,实现国际化、专业化、本土化的经营习惯和理

BEIJING, Sept. 26 (Xinhua) -- Profits of China's State-owned enterprises (SOEs) continued to grow steadily in the first eight months of this year, but at a slower pace, data showed Wednesday.

Combined profits reached 2.3 trillion yuan (about 335 billion U.S. dollars) for the January-August period, up 20.7 percent year on year, according to the Ministry of Finance.

The pace of growth was slower than the 21.4-percent rise registered in the January-July period.

SOE business revenue rose 10.3 percent to over 37 trillion yuan in the first eight months, while operating costs expanded 9.7 percent year on year to 35.57 trillion yuan.

By the end of August, total SOE assets had reached 173.88 trillion yuan, up 8.4 percent from a year earlier, while liabilities had climbed 7.6 percent to 112.83 trillion yuan.

SOEs in sectors including steel, oil, petrochemicals, non-ferrous metals and coal posted stronger profit increases in the said period.

Scan the QR code and push it to your mobile phone

Keyword: China-SOE SOE-profit

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial