Chinas central SOEs post strong profit growth

2017-07-12 08:58:04

BEIJING - Chinas centrally administered State-owned enterprises (SOEs) posted a combined profits of 721.8 billion yuan ($106.1 billion) in the first half of the year, up 15.8 percent year on year, official data showed Tuesday.

In June alone, these SOEs combined profits hit a record high of 159.67 billion yuan, according to the State-owned Assets Supervision and Administration Commission.