China state-owned firms’ profits up 0.4% y/y in 2024

BEIJING (Reuters) – Profits at China’s state-owned enterprises rose 0.4% in 2024 from the previous year, the Ministry of Finance said in a statement on its website on Sunday.

That compares with a 7.4% rise in state firm profits in 2023.

(Reporting by Kevin Yao; Editing by Tom Hogue)

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