Profits of Chinese SOEs drop in Jan-April
Xinhua |
Updated: 2022-05-27 16:55
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BEIJING -- The combined profits of China's state-owned enterprises (SOEs) declined 3.6 percent year-on-year to 1.28 trillion yuan ($190 billion) in the first four months of the year, official data showed on Friday.
The SOEs raked in 24.57 trillion yuan in operating revenue in the January-April period, 9.8 percent higher than in the same period last year, according to data from the Ministry of Finance.
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