IN BRIEF (Page 14)
China Daily | Updated: 2009-06-23 08:01
SOEs' profit down 30%
Profits at State-owned enterprises (SOEs) continued to fall in the first five months from year-earlier levels, but the pace of decline slowed from the first four months. Overall profits of SOEs in the first five months reached 425.4 billion yuan, down 30.3 percent from a year earlier, compared with a drop of 32.3 percent in the first four months.
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