SOEs' profits up in 2010

08:43, January 18, 2011      

Email | Print | Subscribe | Comments | Forum 

China's state-owned enterprises saw profits increase 37.9 percent year on year to 1.99 trillion yuan (US$301.5 billion) in 2010, the Ministry of Finance said yesterday.

Business revenue reached 30.33 trillion yuan, up 31.1 percent from a year ago. Both profits and business revenue doubled from five years earlier, the ministry said in a statement.

SOEs maintained profit momentum and posted steady growth in the second half of last year, which contributed to the healthy development of the national economy, the ministry said.

Source: Xinhua
  • Do you have anything to say?


Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Lunar new year merchandising market
  • Sharapova, Federer, Wozniach win opening day of Australian Open
  • Students keep busy as winter holidays start
  • Jay Chou promotes "Green Hornet" in Beijing
  • Offshore activities halts due to thick sea ice in E. China
  • Tour on frozen Songhua River in NE China
Hot Forum Dicussion