2021-07-17 02:50:58 GMT2021-07-17 10:50:58(Beijing Time)
BEIJING, July 17 (Xinhua) Fixed-asset investment by China s centrally-administered state-owned enterprises (SOEs) rose 10.5 percent year on year to 1.1 trillion yuan (about 170 billion U.S. dollars) in the first half of 2021, official data showed.
The data put average year-on-year investment growth for the same period of 2021 and 2020 at 8.7 percent from the 2019 level, according to the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.
In June alone, central SOEs invested 291.27 billion yuan, an increase of 49.6 percent from the previous month.
During the January-June period, the country s central SOEs spent more on research and development (R&D) amid efforts to boost innovation-driven development, according to the SASAC.
Chinese Equipment Shipped Through U.S. to Iraqi Company
November 25, 2013
By Caixin staff reporters Huang Kaixi, Yu Ning, Wang Xiaoqing, Li Xuena, and Wang Duan. This article was first published by Caixin.
A legal storm that started with China’s largest state-owned oil company has expanded to include Iraq and led to the detention of more people.
Mi Xiaodong, a former mid-level official at China National Offshore Oil Corporation (CNOOC) was detained by party discipline officials in early October, sources say. The source also said Mi was managing oil businesses for Zhou Bin, former Chairman of Beijing Zhongxu Yangguang Petroleum and Natural Gas Technology Ltd.
Net profits at China s central govt owned firms rise 46 9% y/y in June reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Central SOEs bask in H1 profit glory By ZHONG NAN in Beijing and LIU MINGTAI in Changchun | CHINA DAILY | Updated: 2021-07-15 07:12 A high-speed train production line of China Railway Rolling Stock Corp in Qingdao, Shandong province. [Photo/Xinhua]
For the first time in history, half-yearly net profits of centrally administered State-owned enterprises, or central SOEs, exceeded 1 trillion yuan ($155 billion) in the first half of this year.
Net profits soared by 133.3 percent year-on-year to 1.02 trillion yuan on combined revenues of 17.1 trillion yuan, up 28.2 percent year-on-year, data from the State Council s State-owned Assets Supervision and Administration Commission, or SASAC, showed late on Tuesday.
China s central SOEs report steady H1 profit growth ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.