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Profits by China Central SOEs Jump by Double-digit in Jan: Daily

CHINA PRESS
MNI (Singapore)

China’s central government-owned enterprises made CNY185.27 billion in combined profits in January, up 11.3% from a year ago, with revenues gaining 12.4% to CNY3 trillion, the Economic Daily reported. The output of coal and sales of refined petroleum products and steel all rose, the newspaper said. Last year, the government tasked central SOEs with helping support economic growth and ensuring revenues and profits grow at rates faster than the GDP, said the daily.

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