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China Daily Website
Business

Profits at China's SOEs rise 10.1%

Updated: 2013-11-20 17:22
( Xinhua)

BEIJING -- Profits of China's State-owned enterprises surged 10.1 percent in the first 10 months of the year from the same period in 2012.

Profits stood at 1.97 trillion yuan ($321.50 billion) in the January-October period, said the Ministry of Finance on Wednesday.

Total business revenue at SOEs grew 11 percent to 37.70 trillion yuan in the 10-month period.

 
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