Net profits of China's centrally owned state firms up 29.8% y/y in 2021
Reuters
Published Jan 19, 2022 02:46AM ET
BEIJING (Reuters) - Overall net profits of China's central government-owned state firms rose 29.8% year-on-year to 1.8 trillion yuan ($283.56 billion) in 2021, according to a statement from the state assets regulator on Wednesday, higher than a 2.1% growth in 2020.
The overall revenue of central government-owned state firms grew 19.5% from a year earlier to 36.3 trillion yuan in 2021, the State-owned Assets Supervision and Administration Commission also said.
($1 = 6.3479 Chinese yuan renminbi)
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Written By: Reuters
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