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Xinhua Silk Road
Economy

【Financial Str. Release】Profits of Chinese SOEs surge in Jan.-May

June 24, 2021


Abstract : The combined profits of China's state-owned enterprises (SOEs) surged 170 percent year on year to 1.79 trillion yuan (about 277 billion U.S. dollars) in the first five months of 2021, official data showed Wednesday.

BEIJING, June 23 (Xinhua) -- The combined profits of China's state-owned enterprises (SOEs) surged 170 percent year on year to 1.79 trillion yuan (about 277 billion U.S. dollars) in the first five months of 2021, official data showed Wednesday.

Average profit growth for the same period of 2019 and 2020 came in at 13.5 percent, according to the Ministry of Finance. Enditem

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Keyword: profits Jan.-May Chinese SOEs Financial Str. Release

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