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Economy

Total profit from China’s central government firms rose in the first quarter

Updated : April 16, 2018 11:19 AM IST

Overseas investments by centrally-owned SOEs account for 60 percent of China’s non-financial outbound investments.
For March, profit rose 17.8 percent from a year earlier to 169.87 billion yuan.
SASAC said in January that China would cut the debt-to-asset ratio of central government-run enterprises’ by another 2 percentage points.
Total profit from China’s central government firms rose in the first quarter

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