China state-owned firms’ Jan-August profits down 1.5% y/y

BEIJING : Profits at China’s state-owned firms in January-August fell 1.5 per cent from the same period a year earlier to 3 trillion yuan ($420.8 billion), the country’s finance ministry said on Friday, narrowing from a 2.1 per cent drop in January-July.

($1 = 7.1289 Chinese yuan)

 

Source: Reuters