SOE profit growth slowing

Source:Agencies Published: 2017/9/26 21:23:39

Profits at State-owned enterprises (SOEs) continued their steady growth in the first eight months of 2017, but at a slower pace, data showed Tuesday.

Combined SOE profits rose 21.7 percent from a year earlier to 1.9 trillion yuan ($289.6 billion) for January-August, the Ministry of Finance said on its website.

This marked the third straight month of growth deceleration. However, growth remained solid compared with the same period of 2016, when profits at SOEs declined 1.3 percent year-on-year. 

Posted in: COMPANIES

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