Total profits of China's SOEs hit $650 billion in 2023
(ECNS) -- The profits of China's state-owned enterprises (SOEs) recorded stable growth in 2023, according to China's Ministry of Finance on Monday.
Total profits of China's SOEs increased 7.4 percent year on year to 4.6 trillion yuan ($650 billion) last year.
During this period , the operation revenue of China's SOEs hit 8.6 trillion Yuan, marking an increase of 3.6 percent year on year.
China's SOEs paid 5.9 trillion yuan infees and taxes in 2023, down 0.5 percent year on year.
The average debt-to-asset ratio stood at 64.6 percent at the end of last year, up 0.3 percent year on year.
Related articles
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
NEW YORK (AP) — Saudi Arabia’s move into tennis will now include a multiyear deal to sponsor the WTA2024-05-21Lazio booed by own fans but Anderson leads from the front in 4
ROME (AP) — Lazio players were booed by their own fans but they restored some pride after a recent p2024-05-21Elly De La Cruz homers again as the Reds pound the White Sox 11
CHICAGO (AP) — Elly De La Cruz hit a three-run drive for his fourth homer in his last four games, he2024-05-21Trump's hush money trial: What to know with jury selection to begin Monday
NEW YORK (AP) — Donald Trump will make history as the first former president to stand trial on crimi2024-05-21Biden says Brown v. Board of Education ruling was about more than education
WASHINGTON (AP) — The landmark 1954 Supreme Court ruling that desegregated schools was about more th2024-05-21- WASHINGTON (AP) — The return of horse-drawn caissons at Arlington National Cemetery is being delayed2024-05-21
atest comment