SOE profits and sales soar
9 November 2005
China's major state-owned enterprises increased sales and profits during the first nine months as regulators moved to prevent the further losses of public assets, state media reported. The 169 state-owned enterprises under the supervision of China's assets watchdog reported sales of US$592 million in the period, up 23.4% year-on-year and profits rose 22.4% to US$57.3 billion.
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