Chinese SOEs Profits Rise 25.3% in Jan-Feb

Chinese State-owned enterprises (SOEs) saw profits rise 25.3 percent in the first two months of 2018 as the economy kicked off the year with better-than-expected performance, official data showed Wednesday.

Combined SOE profits rose to 367.3 billion yuan (around $58.5 billion) for the January-February period, the Ministry of Finance said.

(Source: China Daily)