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      China's central SOEs report solid revenue, profit growth in Jan.-Oct.

      (Xinhua) 10:06, November 20, 2022

      BEIJING, Nov. 19 (Xinhua) -- China's centrally administered state-owned enterprises (SOEs) saw steady growth in revenue and profit in the first ten months of this year despite downward pressure, according to the country's top state-owned assets regulator.

      The central SOEs raked in 32.3 trillion yuan (about 4.54 trillion U.S. dollars) in combined revenue in the Jan.-Oct. period, up 9.9 percent from the same period last year, said the State-owned Assets Supervision and Administration Commission of the State Council.

      The net profits of central SOEs reached 1.7 trillion yuan during the period, up 3.9 percent year on year.

      (Web editor: Cai Hairuo, Sheng Chuyi)

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