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SOEs' profits up
Source: Xinhua |
January 18, 2011, Tuesday
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Print Edition
Print Edition
CHINA'S state-owned enterprises saw profits increase 37.9 percent year on year to 1.99 trillion yuan (US$301.5 billion) in 2010, the Ministry of Finance said yesterday.
Business revenue reached 30.33 trillion yuan, up 31.1 percent from a year ago. Both profits and business revenue doubled from five years earlier, the ministry said in a statement.
SOEs maintained profit momentum and posted steady growth in the second half of last year, which contributed to the healthy development of the national economy, the ministry said.
Business revenue reached 30.33 trillion yuan, up 31.1 percent from a year ago. Both profits and business revenue doubled from five years earlier, the ministry said in a statement.
SOEs maintained profit momentum and posted steady growth in the second half of last year, which contributed to the healthy development of the national economy, the ministry said.
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