China SOE prof­its fall­ing 1.6 per­cent

China Daily (USA) - - BUSINESS -

Prof­its of China’s State-owned en­ter­prises fell 1.6 per­cent year on year to 1.72 tril­lion yuan ($254 bil­lion) dur­ing the first three quar­ters of the year, theMin­istry of Fi­nance said on Tues­day. The pace of de­cline ac­cel­er­ated from a 1.3-per­cent de­crease in the first eight months.

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