Net profits of China’s centrally owned state firms up 29.8pct y/y in 2021

20-Jan-2022 Intellasia | Reuters | 5:02 AM Print This Post

Overall net profits of China’s central government-owned state firms rose 29.8 percent year-on-year to 1.8 trillion yuan ($283.56 billion) in 2021, according to a statement from the state assets regulator on Wednesday, higher than a 2.1 percent growth in 2020.

The overall revenue of central government-owned state firms grew 19.5 percent from a year earlier to 36.3 trillion yuan in 2021, the State-owned Assets Supervision and Administration Commission also said.

($1 = 6.3479 Chinese yuan renminbi)


Category: China

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