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

CHINA
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.

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