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[size=30]China's state-owned companies' profits rise 23.5% in 11 months[/size]
22/12/2017 08:08 | Number of readings: 33
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Trend Press / Agencies
The profits of Chinese state-owned enterprises rose 23.5 percent from January to November last year.
China's Ministry of Finance said Friday that the total profit of state-owned enterprises amounted to 2.6 trillion yuan ($ 395.59 billion) in the first 11 months of this year, Reuters reported.
Total revenue increased 14.5 percent year-on-year to 46.74 trillion yuan, the statement said.
According to the ministry, the obligations of state-owned enterprises increased by 10.8 percent compared to last year to reach 100.08 trillion yuan by the end of last November.
By 3:17 pm GMT, the Chinese yuan against the dollar rose by more than 0.1% to drop the US currency to 6.5773 yuan.
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