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Profits of State-owned Companies Rising 20%, Steel and Nonferrous Industry Continues to Gain
Sep 27,2017 09:25CST
industry news
Source:SMM
Unprofitable industries of the same period last year like steel and nonferrous continued to gain.

SHANGHAI, Sept. 27 (SMM)-According to the economic situation of national state-owned and state-controlled enterprises from January to August released by Asset Management Division of the Ministry of Finance on 26th, from January to August this year, the economic situation of national state-owned and state-controlled enterprises developed smoothly up. Income and profits of state-owned enterprises continued to increase in a fast pace. The growing rate of profit is higher than income by 6.2%. Unprofitable industries of the same period last year like steel and nonferrous continued to gain.


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