Chinese SOEs achieve 23% profit growth in 2017

Xinhua | Updated: 2018-01-23 14:25

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BEIJING - Chinese State-owned enterprises (SOEs) saw 23.5 percent profit growth last year as the economy held steady, official data showed Tuesday.

Combined SOE profits rose to 2.9 trillion yuan (around $453.2 billion) for 2017, the Ministry of Finance said.

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Chinese SOEs achieve 23% profit growth in 2017