China’s state-owned enterprises profits 0.4% up YoY in ’24

Profits at China’s state-owned enterprises (SOEs) increased 0.4 per cent in 2024 compared to the previous year, according to a statement released by the Ministry of Finance on Sunday.

This modest growth represents a significant slowdown from the 7.4 per cent rise recorded in 2023, highlighting the challenges faced by the sector amid broader economic pressures.

Attribution: Reuters

Subediting: Y.Yasser

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