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Central SOEs' Jan-Feb Profit Hits 135b Yuan
data analysis
08:40AM
Mar 22,2010
Source:SMM

BEIJING, Mar. 22 -- China's 127 centrally-administered state-owned enterprises (SOEs) reported total gross profits of 134.8 billion yuan ($19.77 billion) in the first two months, up 121 percent year-on-year, said a statement on Friday.

According to the statement posted on the website of State-owned Assets Supervision and Administration Commission (SASAC), SOE operating revenues rose by 52.1 percent from a year earlier to 2.18 trillion yuan in January and February, and the tax paid rose by 43.2 percent to 221.72 billion yuan.

Wang Zhigang, a researcher with the SASAC, said the big year-on-year increases were mainly attributable to poor performances in the same period last year, and were partially boosted by the overall economic situation and Spring Festival spending.
 

China economy macroeconomy
SOE
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