China’s state-owned firms’ profits fall 2.1% y-o-y in 8m

China’s state-owned enterprises (SOEs) experienced a 2.1 per cent decline in profits for the period from January to August compared to the same period last year, according to the Ministry of Finance.

The ministry released the latest data in a statement on its website on Sunday.

Attribution: Reuters

Subediting: Y.Yasser