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State-owned enterprises' revenue grew 15.4%...>

CHINA
CHINA: State-owned enterprises' revenue grew 15.4% in the first 10 months of
this year, compared with the same period last year, to CNY42 trillion, the
Ministry of Finance reported Wednesday. Profit rose 24.6% year-on-year to CNY2.4
trillion. As of the end of October, SOE assets were worth CNY150.6 trillion, up
10.8% from last year, but liabilities grew at a similar pace, 10.6%, landing at
CNY99.2 trillion. SOEs saw large increases in profit in the nonferrous metal,
steel, coal and petroleum sectors, while profit had a relatively big drop in the
electricity sector. 

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