SOEs fill an­nual tar­gets in tough econ­omy, SASAC says

China Daily (Hong Kong) - - BUSINESS DIGEST -

Most en­ter­prises di­rectly un­der the cen­tral gov­ern­ment will achieve, or out­per­form, their busi­ness tar­gets this year, the Sta­te­owned As­sets Su­per­vi­sion and Ad­min­is­tra­tion Com­mis­sion said at a per­for­mance eval­u­a­tion con­fer­ence of such en­ter­prises in Bei­jing on Dec 29. Huang Shuhe, vicem­i­nis­ter of the com­mis­sion, said the to­tal profit of the en­ter­prises in 2013 will reach about 1.3 tril­lion yuan ($213 bil­lion) and the en­ter­prises’ over­all an­nual eco­nomic added value will re­main at more than 300 bil­lion yuan.

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