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China state-owned firms' profit falls 2.1% year on year in January-July

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BEIJING: Profit at China's state-owned firms fell 2.1 per cent to 2.68 trillion yuan (US$387.54 billion) in the first seven months of the year versus the same period last year, the Ministry of Finance said. That matched a 2.1 per cent decline in profit in the first six months of the year.

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China state-owned firms' profit falls 2.1% y/y in January-JulyBEIJING : Profit at China's state-owned firms fell 2.1 per cent to 2.68 trillion yuan ($387.54 billion) in the first seven months of the year versus the same period last year, the Ministry of Finance said.That matched a 2.1 per cent decline in profit in the first six months of the year.($1=6.9154
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »