Reuters logo
China government-owned firms' profits rise 16.4 percent y/y in Jan-July: state radio
August 23, 2017 / 11:22 AM / a month ago

China government-owned firms' profits rise 16.4 percent y/y in Jan-July: state radio

BEIJING (Reuters) - Earnings at China’s centrally-owned firms rose 16.4 percent in the first seven months of the year from the year-earlier period, state radio reported on Wednesday, citing the government’s cabinet.

The report also said China would push forward with restructuring government-owned companies.

China will also prevent an increase in local governments’ hidden debts and push forward with capacity cuts in the coal-fire power and aluminium sectors, it said.

Reporting by Beijing Monitoring Desk; Editing by Nick Macfie

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below