China's state-owned enterprises (SOEs) administered by the state-asset regulator saw profits increase 2.7 percent from a year earlier in 2012, official data showed on Friday. The 116-strong enterprises made total profits of 1.3 trillion yuan (207 billion US dollars) last year, according to State-owned Assets Supervision and Administration Commission (SASAC) figures. The growth figure was down from 6.4 percent in 2011 and 40.2 percent in 2010, mainly due to poor performances of SOEs in shipment, building materials and steel businesses amid the economic slowdown, according to SASAC data. However, it was up from the minus 11.8-percent growth in the first quarter of 2012, minus 16.1 percent in the second, and 2.1 percent in the third, showing a recovering trend. The aggregate revenue of the SOEs increased 9.4 percent year on year to 22.5 trillion yuan last year, while they handed in 1.9 trillion yuan in taxation to the state coffers, a rise of 13 percent from a year earlier, data showed.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor