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Page 33 - நிலை ஓஂட் சொத்துக்கள் மேற்பார்வை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Chinese central SOEs report profit growth in 2020 - Buz & Tech News

2021-02-27 03:00:14 GMT2021-02-27 11:00:14(Beijing Time) Xinhua English BEIJING, Feb. 27 (Xinhua) China s centrally administered state-owned enterprises (SOEs) saw their net profit up 2.1 percent in 2020 despite the impact of the COVID-19 epidemic, according to the country s top state assets regulator. The net profit of the central SOEs totaled 1.4 trillion yuan (about 217 billion U.S. dollars), said Hao Peng, chief of the State-owned Assets Supervision and Administration Commission. The annual growth, reversing the 58.8-percent slump reported in the first quarter of last year, was indeed hard-won, said Hao. By the end of last year, the debt-to-asset ratio of the central SOEs had dropped to 64.5 percent, reaching the target set by the State Council of reducing the ratio by 2 percentage points in three years, he added.

China s defense budget to continue to rise in 2021, buttressed by economic upturn, strong fiscal foundation: experts

A military parade is held to celebrate the 90th anniversary of the founding of the Chinese People s Liberation Army (PLA) at Zhurihe training base in north China s Inner Mongolia Autonomous Region, July 30, 2017. - Xinhua BEIJING, Feb 27 (Global Times): Despite the impact of Covid-19 over the past year, many Chinese military analysts and observers believe that the country s defense budget for 2021 will continue to increase, likely at a higher growth rate than 2020, and they name China s positive economic growth, the tough military threats China is facing and China s own rightful needs to develop national defense capacity as the main reasons. Economists and fiscal experts expect the world s second-largest economy to taper spending at large in 2021 on a tightening budget though, after a record 3.6 percent budget deficit target for coronavirus-inflicted 2020.

China s defense budget to continue upward in 2021, buttressed by economic upturn, strong fiscal foundation: experts

CHINA / MILITARY By GT staff reporters Published: Feb 26, 2021 05:36 PM A military parade is held to celebrate the 90th anniversary of the founding of the Chinese People s Liberation Army (PLA) at Zhurihe training base in north China s Inner Mongolia Autonomous Region, July 30, 2017. (Xinhua/Ju Zhenhua)Despite the impact of COVID-19 over the past year, many Chinese military analysts and observers believe that the country s defense budget for 2021 will continue to increase, likely at a higher growth rate than 2020, and they name China s positive economic growth, the tough military threats China is facing and China s own rightful needs to develop national defense capacity as the main reasons.

China policy and markets round-up: Beijing hones in on green finance, southbound Bond Connect to launch before year-end, BOC, ICBC name new presidents

China policy and markets round-up: Beijing hones in on green finance, southbound Bond Connect to launch before year-end, BOC, ICBC name new presidents
globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.

China s Suning com says shareholders plan to sell up to 25% stake | WSAU News/Talk 550 AM · 99 9 FM

By Syndicated Content Feb 25, 2021 6:28 AM BEIJING (Reuters) - Chinese retailer Suning.com said on Thursday shareholders plan to sell 20% to 25% of the company to unnamed buyers which might lead to a change in control as its parent seeks to raise cash. The company said it was notified of the stake sale by its founder Zhang Jindong and its parent Suning Appliance Group, who respectively hold a 20.96% and 19.88% stake in the firm. Suning.com s other shareholders include e-commerce giant Alibaba Group which bought a 19.99% stake as part of a strategic partnership in 2015. The transfer, if completed, will help further improve the company s shareholding structure and the steady implementation of long-term strategy, Suning said in a statement to the Shenzhen Stock Exchange on Thursday, without elaborating.

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