English > Finance&Economy > Finance-Breakingnews>SOEs saw earnings slump year-on-year

SOEs saw earnings slump year-on-year

12-24 12:27 Caijing Magazine

Full article in Chinese: http://www.caijing.com.cn/2008-12-23/110041534.html

Chinese state-owned enterprises earned 1.2 trillion yuan before taxes during the first 11 months of 2008, down 15.7 percent year-on-year, the Ministry of Finance reported. Profits in electricity, metal, and auto industries have declined since the third quarter.

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