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Economy

Profits of Chinese SOEs surge 30.1 pct in 2021

January 27, 2022


Abstract : The combined profits of China's state-owned enterprises (SOEs) surged 30.1 percent year on year to nearly 4.52 trillion yuan (about 715 billion U.S. dollars) in 2021, official data showed Wednesday.

File photo shows wastewater treatment facilities at Sinopec Zhenhai Refining and Chemical Company in Ningbo, east China's Zhejiang Province. (Sinopec Zhenhai Refining and Chemical Company/Handout via Xinhua)

BEIJING, Jan. 26 (Xinhua) -- The combined profits of China's state-owned enterprises (SOEs) surged 30.1 percent year on year to nearly 4.52 trillion yuan (about 715 billion U.S. dollars) in 2021, official data showed Wednesday.

The SOEs raked in 75.55 trillion yuan in their operating revenue last year, up 18.5 percent year on year, according to data from the Ministry of Finance.

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Keyword: SOEs

Reading:

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