Free Trial

Chinese state-owned enterprises reported......>

CHINA: Chinese state-owned enterprises reported relatively strong growth in
revenues and profits in the January-to-August period this year, according to
data released Tuesday by the Ministry of Finance. SOEs' revenue grew 15.5% y/y
to CNY33.07638 trillion, while their profit rose 21.7% to CNY1.91141 trillion.
The steel and non-ferrous metal industries, which saw losses in the same period
last year, returned to profit; the coal, oil, and transportation sectors saw
large y/y increases in profit; while the electricity sector saw a relatively
large y/y profit decline, the ministry said.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.