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. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.