SOE profits rise 2.8% in first 11 months
Profits of China’s State-owned enterprises rose 2.8 percent in the first 11 months of the year compared with growth of 0.4 percent in the first 10 months, official data showed on Wednesday. The SOEs made combined profits of 2.11 trillion yuan ($305.8 billion) for January-November, the Ministry of Finance said. Profits of SOEs under central government control fell 2.8 percent while those for locally administered SOEs climbed 16.9 percent year-on-year in the same period, both better than the performances in the first 10 months.
Customers look at handbags at Selfridges department store in central London on Monday during the postChristmas Boxing Day sales. The number of Britons who hit the shops on Boxing Day fell 6 percent versus the same period last year, while online transactions rose 11.5 percent year-on-year.
quartered in China’s northeastern region — Liaoning, Jilin and Heilongjiang provinces — a traditional industrial base bearing the brunt of the country’s economic slowdown.