BEIJING (Reuters) – Profits at Chinese state-owned firms fell 5.1% year-on-year in 2022 to 4.3 trillion yuan ($637.01 billion), according to data from the Finance Ministry on Monday.
The decline was steeper than the 4.4% fall in the first 11 months of 2022.
($1 = 6.7503 Chinese yuan renminbi)
(Reporting by Ellen Zhang and Ryan Woo, Editing by Louise Heavens)
