Profits of Chinese SOEs surge 30.1% in 2021

  • China
  • Wednesday, 26 Jan 2022

In this March 26, 2020 photo, workers observe the progress at a construction site of a project undertaken by the China Construction Third Engineering Bureau Co, Ltd in Wuhan, central China's Hubei province. - Xinhua

BEIJING (China Daily/Asia News Network): The combined profits of China's state-owned enterprise surged 30.1 per cent year-on-year to nearly 4.52 trillion yuan (US$715 billion) in 2021, official data showed Wednesday (Jan 26).

The SOEs raked in 75.55 trillion yuan in their operating revenue last year, up 18.5 per cent year-on-year, according to data from the Ministry of Finance.

Article type: free
User access status:
Join our Telegram channel to get our Evening Alerts and breaking news highlights

China , SOEs , profits


Next In Aseanplus News

Three injured as insurgents attack marine police station in Narathiwat (Update)
Govt orders action to facilitate Laos trade, spur transport and exports
Cambodia hails US ties, seeks relief on China-linked sanctions
Shanghai heading out of lockdown but China still lost in economic gloom
Quad moves show efforts to curb Chinese technology: Experts
Businesses positive on Q2 prospects but remain cautious
Tourism Malaysia-Expedia collaboration timely, says Nancy Shukri
A celestial treat in store as Moon passes in front of Venus
Missing Malaysian woman in South Korea found
US and Japan say they staged joint fighter jet flight after North Korea missile launches

Others Also Read