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SOE profits grow at steady pace

06-23-2010 09:21 BJT

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Key indicators of economic effectiveness, show that China's state-owned enterprises and state holding enterprises have grown this year. But the growth showed signs of slowing in the most recent monthly figures.

The total earnings of SOEs and state holding enterprises from January to May increased by 44.5 percent. Their profits rose by 65.8 percent in the first five months, but dropped in May by 1.2 percent compared with April. Tax due increased by 35.2 percent from January to May, but dropped 2.2 percent month on month. Petroleum, coal, and automobile industries have realized an increase in the last year. Steel and electricity industries have also seen stable growth.

Editor:Xiong Qu |Source:

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