BUSINESS
Profits of Chinese SOEs up 47.6 pct in Jan.-Oct.
Xinhua
10:52, November 25, 2021

BEIJING, Nov. 25 (Xinhua) -- The combined profits of China's state-owned enterprises (SOEs) rose 47.6 percent year on year to over 3.8 trillion yuan (about 594 billion U.S. dollars) in the first 10 months of this year, official data showed Thursday.

Workers work at the general assembly line of truck maker FAW Jiefang in Changchun, northeast China's Jilin Province, July 7, 2021. (Xinhua/Zhang Nan)

During the period, the SOEs saw their operating revenue up 22.1 percent year on year to around 60.4 trillion yuan, according to the Ministry of Finance.