Net profit of state-owned enterprises in China grew by 23%

The aggregate profit of China's state-owned enterprises grew by 23% in the first half of 2018, compared to the same period in 2017, to 887 billion 790 million yuan, according to the State Property Committee of the PRC. Revenue was 13 trillion 700 billion yuan, increased by 10.1%. The average ratio of debt to assets continued to decline and amounted to 66%, dropping from 66.3% at the beginning of this year. In June, the aggregate profit of state-owned companies grew by 26.4% in annual terms and reached a record volume of 201.88 billion yuan.

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