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

China's central SOEs contribute more to society in 2018

January 18, 2019


Abstract : China's centrally administered state-owned enterprises (SOEs) made greater contributions to society last year, an official with the state assets authority said Thursday.

BEIJING, Jan. 17 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) made greater contributions to society last year, an official with the state assets authority said Thursday.

In 2018, central SOEs handed in 2.2 trillion yuan (325.5 billion U.S. dollars) of taxes and fees, up 5.7 percent from a year earlier, Peng Huagang, spokesman for the State-owned Assets Supervision and Administration Commission of the State Council, told reporters.

The country's three telecom operators completed their tasks of fee cuts in advance last year, saving more than 120 billion yuan for their clients during the year, Peng said.

An industrial investment fund for central SOEs to support poor areas decided upon 63 projects involving 12.89 billion yuan, which will bolster infrastructure construction, promote distinctive industries, improve education and medical care, and raise people's incomes.

Peng also said the combined profits of those companies reached a new high of 1.7 trillion yuan in 2018, up 16.7 percent from 2017, while their revenues rose 10.1 percent to 29.1 trillion yuan.

Scan the QR code and push it to your mobile phone

Keyword: china Central-SOEs

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