State firms' profit decline slowing
By Si Tingting | China Daily | Updated: 2009-07-22 08:05
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Combined profits of State-owned enterprises hit 75.19 billion yuan in June, up 29.5 percent from May. Xu Ruiping |
The combined profits of State-owned enterprises dropped by 26.2 percent in the first half of the year, but the rate of decline was moderating as a result of the improved economic situation, China's top asset watchdog said yesterday.
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