China's major SOEs report assets growth

GMT 20:37 2014 Saturday ,26 July

Arab Today, arab today China's major SOEs report assets growth

SOEs report
Beijing - XINHUA

China's state-owned enterprises (SOE) administered by the central authority posted growth in assets, revenue and profits in 2013, the state-owned assets regulator said on Saturday.
The combined assets of 113 such enterprises stood at 35 trillion yuan (5.7 trillion U.S. dollars) at the end of 2013, up 11.7 percent year on year, the State-owned Assets Supervision and Administration Commission said in a report.
They raked in 24.4 trillion yuan in operating revenue last year, up 9.1 percent. Their profits rose 3.6 percent to 1.3 trillion yuan in 2013.
The companies paid a total of 1.9 trillion yuan in taxes last year, up 5 percent year on year.

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