BEIJING: The State Development and Investment Corp, a major state-owned investment company, reaped a record 20 billion yuan in gross profits in 2019.Last year, the company made strides in its investment in the sectors such as ecological environment and health care, Shi said.
Established in 1995 under the direct management of the central government, the company's main business includes domestic industrial investment, financial services and international business. Meanwhile, Central China's Henan Province said its gross domestic product exceeded 5 trillion yuan in 2019, up over 7% year on year, citing preliminary estimates.
Its GDP growth target this year was set at 7%, said Yin Hong, acting governor of Henan, while delivering the government work report at the opening meeting of the ongoing annual session of the provincial people's congress. Total fiscal revenue of the province surpassed 600 billion yuan last year, and the per capita disposable income for Henan residents grew about 8.6 percent year on year, Yin said. - Xinhua/Asian News Network