China SOE profits stabilising

Official data point to an improvement in Chinese SOE earnings in recent weeks but long promised reform of the sector is still awaited.

China SOE profits stabilising

China's state-owned enterprises appear to be benefiting from the government's efforts to arrest a sharp slowdown in the Chinese economy but long-promised reform of the sector is still awaited. 

Official data on Tuesday showed the earnings of Chinese SOEs excluding financial institutions fell by 0.1% to Rmb1.2 trillion $193 billion in the first six months of the year compared with a year earlier. But that compares with year-on-year declines of 3.3%...

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