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March 18, 2011

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Home » Business » Economy

SOE profits rise

PROFITS from state-owned enterprises in China totaled 331.65 billion yuan (US$49.5 billion) in the first two months of this year, up an annual 29.4 percent, the Ministry of Finance said yesterday.

The ministry said SOEs performed better in January and February, with the growth rate of profits higher than operating revenues.



 

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