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Net profits of China’s centrally-owned state firms at 1.75 trillion yuan in Jan-Nov


© Reuters. FILE PHOTO: The Chinese nationwide flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter

BEIJING (Reuters) – Net profits of centrally-owned state firms in China reached 1.75 trillion yuan ($274.52 billion) in the January-November interval, the state asset regulator stated on Saturday, based on state media.

Total profits of these state firms had been at 2.3 trillion yuan in the primary 11 months of the yr, with vital profitability enchancment seen in oil, metal and coal sectors, based on an official with the regulator, China Securities Journal reported.

($1 = 6.3748 renminbi)

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