SOE’s 2013 prof­its, to­tal debt in­crease

China Daily (Canada) - - NEWSCAPSULE -

China’s State-owned en­ter­prises (SOEs) posted net prof­its in 2013 of 1.9 tril­lion yuan, up 4.4 per­cent year on year, the Min­istry of Fi­nance said.

The en­ter­prises’ to­tal as­sets stood at 104.1 tril­lion yuan ($17.07 tril­lion) in 2013, up 16.3 per­cent year on year. To­tal debt was 67.1 tril­lion yuan, up 16.7 per­cent year on year.

The 155,000 SOEs pro­vided 36.98 mil­lion jobs, up 0.7 per­cent year on year, in­clud­ing 17.62 mil­lion from SOEs owned by the cen­tral govern­ment and 19.36 mil­lion from those con­trolled by lo­cal gov­ern­ments.

They paid about 3.8 tril­lion yuan in tax in 2013, up 5.4 per­cent year on year, in­clud­ing 2.8 tril­lion yuan from SOEs owned by the cen­tral govern­ment, up 6 per­cent year on year, and the rest from SOEs run by lo­cal gov­ern­ments, up 3.7 per­cent year on year.

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