Listed Chi­nese firms grow 2017 prof­its

China Daily (Hong Kong) - - BUSINESS -

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.

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