China’s state-owned central enterprises revenue up 8.3 percent – WORLD

Income of state-owned central enterprises in China rose by 8.3 percentResponsible for the Public Property Audit and Management Commission (SASAC) of the State Council of China, the revenue of state-owned central enterprises will reach 39 trillion 400 billion yuan (about $5 trillion 800 billion) in 2022, an increase of 8.3 percent. compared with the previous year. He also said that net profit increased by 5 percent and reached 1 trillion 900 billion yuan. Responsible for the Public Property Audit and Management Commission (SASAC) of the State Council of China, the revenue of state-owned central enterprises will reach 39 trillion 400 billion yuan (about $5 trillion 800 billion) in 2022, an increase of 8.3 percent. compared with the previous year. He also said that net profit increased by 5 percent and reached 1 trillion 900 billion yuan. The same official said at a press conference held today at the Chinese State Council Press Office that the state-owned central enterprises’ investment in research and development increased by 9.8 percent over the previous year, and taxes paid increased by 19.3 percent. percent and reached 2 trillion 800 billion yuan.