Reform pays dividends for State firms

SOEs' profits rose 24.6 percent in the first 10 months as economy improves

State-owned enterprises in China saw their profit growth quicken in the first 10 months of this year amid an improving economy and deepening reform, official data showed on Tuesday.

Combined SOE profits rose 24.6 percent year-on-year to 2.39 trillion yuan ($360.2 billion) from January to October, the Ministry of Finance said on its website.