State-owned firms’ prof­its in­crease

China Daily (Hong Kong) - - BUSINESS -

Prof­its at China’s State-owned firms rose 24.3 per­cent in the first half of 2017 from a year ear­lier, the Min­istry of Fi­nance said on Tues­day. To­tal prof­its stood at 1.41 tril­lion yuan ($208.86 bil­lion) in Jan­uaryJune, while rev­enue rose 16.6 per­cent to 24.58 tril­lion yuan, the min­istry said. State firms’ to­tal li­a­bil­i­ties rose 11.4 per­cent from year ear­lier to 94.13 tril­lion yuan at the end of June, it said.

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