Economy
China's central SOEs make big profits in 2009
By Zhao Chunzhe (chinadaily.com.cn)
Updated: 2010-01-20 16:00
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China's central State-owned enterprises (SOEs) reported a year-on-year profit growth of 14.6 percent in 2009, with profits totaling 797.7 billion yuan ($116.8 billion).
The revenues of central enterprises increased 6 percent to 12.6 trillion yuan ($1.84 trillion), with total taxes up 14.5 percent to 1.07 trillion yuan ($156 billion).
