Listed Chinese firms grow 2017 profits
Listed companies in China have reported rapid profit growth in 2017 as the country’s supply-side structural reform helped to improve their competitiveness. So far, around half of the listed companies on the nation’s two major exchanges have reported their 2017 performance, and some 72 percent of them saw year-on-year net profit gains, according to Economic Information Daily. Only 58 of the 1,700 listed firms which have disclosed their financial performance reported losses. Most companies in traditional sectors such as coal and steel posted strong growth on the back of the country’s economic restructuring and improved business environment.