BUSINESS Profits of China's state firms rise in Jan-Feb

BUSINESS

Profits of China's state firms rise in Jan-Feb

Xinhua

16:31, March 29, 2021

BEIJING, March 29 (Xinhua) -- The combined profits of China's state-owned enterprises rose 150 percent year on year to 548.94 billion yuan (about 83.94 billion U.S. dollars) in the first two months, official data showed Monday.

An engineer assembles an axial-flow compressor at a workshop of the Shaanxi Blower (Group) Co., Ltd., a state-owned enterprise, in Xi'an, northwest China's Shaanxi Province, Nov. 18, 2020. (Photo: Xinhua)

The growth rate offsetting base effects came in at 10.2 percent during the January-February period, the Ministry of Finance said on its website.

This refers to the two-year average growth rate based on the figure from the same period in 2019, due to a low comparison base last year, the ministry noted.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue