China state companies up 5.9 percent

China's state-owned companies earned aproximately US$396 billion in 2013.

China state companies up 5.9 percent

World Bulletin / News Desk

State-owned companies in China have profitied US$396.5 billion in 2013, up 5.9 percent from 2012.

According to data released by the Ministry of Finance, state companies under the central administrations have increased their profits by 7.4 percent while companies under local governments have grown their profits by 2.7 percent.

The operating costs of all state-owned companies rose to US$7.9 trillion with a 10.3 percentage increase.

At the end of 2013, the total debt of state-owned companies was US$9.8 trillion with a 14 percent increase.

The most profitable sectors have become communication, electronic, automobile and construction.

Güncelleme Tarihi: 22 Ocak 2014, 11:59