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China Jan-May state-owned firms' profits up 170% y/y - finance ministry

Published 06/23/2021, 04:36 AM
Updated 06/23/2021, 04:40 AM
© Reuters. FILE PHOTO: Chinese yuan banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

BEIJING (Reuters) - Profits at China's state-owned enterprises rose 170% to 1.79 trillion yuan ($276.18 billion) in the first five months of the year versus the same period a year prior, the ministry of finance said on Wednesday.

($1 = 6.4812 Chinese yuan renminbi)

Latest comments

I told you guys... they are the best business men...
"state owned" ofcourse or ccp protects state owned from bankruptcy or they once again manipulated data
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