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Central state-owned enterprises made....>

CHINA PRESS
CHINA PRESS: Central state-owned enterprises made CNY201.88 billion yuan in
profit in June, up 26.4% year over year, creating an all-time high in a single
month, Financial News reported, citing Peng Huagang, deputy secretary of
State-owned Assets Supervision and Administration Commission (SASAC). The SASAC
has kept a close eye on highly indebted enterprises and the average
asset-liability ratio declined 0.5 percentage point year over year in June, Peng
said. The SCSAC has converted over CNY200 billion debt into equity, Peng added.

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