China's Central State Firms Report Strong Profit Growth in First Two Months
China's centrally-administered state-owned enterprises (SOEs) reported double-digit growth in business revenue and profit in the first two months in 2018, state assets regulator said Saturday.
During the January-February period, the centrally administered SOEs made a total of 206.67 billion yuan (about 32.63 billion U.S. dollars) in profit, up 22.6 percent year on year, said Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission.
Total revenue of the central SOEs was up 10.9 percent year on year to 4.1 trillion yuan in the first two months, Xiao said at a press conference on the sidelines of the first session of the 13th National People's Congress.
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