BEIJING (Reuters) – Overall net profits of China’s central government-owned state firms rose 29.8% year-on-year to 1.8 trillion yuan ($283.56 billion) in 2021, according to a statement from the state assets regulator on Wednesday, higher than a 2.1% growth in 2020.
The overall revenue of central government-owned state firms grew 19.5% from a year earlier to 36.3 trillion yuan in 2021, the State-owned Assets Supervision and Administration Commission also said.
($1 = 6.3479 Chinese yuan renminbi)
(Reporting by Liangping Gao and Ryan Woo; Editing by Muralikumar Anantharaman)
