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China continues to cut debt-to-asset ratio of central SOEs
China has cut the average debt-to-asset ratio of its centrally-administered state-owned enterprises (SOEs) by 2 percentage points in three years, meeting its goal over the period, the state asset regulator said Tuesday.
January 19, 2021 -
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Official: No major B&R projects suspended amid COVID-19
No major Belt and Road projects were suspended due to the COVID-19 pandemic, a spokesperson of the State-owned Assets Supervision and Administration Commission of the State Council said at a press conference Tuesday.
January 19, 2021 -
Profits of China's central SOEs grow 2.1% in 2020
The net profits of China's centrally-administered state-owned enterprises (SOEs) in 2020 increased 2.1% year on year to 1.4 trillion yuan (US$215.77 billion), according to an SCIO briefing Tuesday.
January 19, 2021 -
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SOE reforms, revamp receive fresh impetus
China plans to complete more than 70 percent of the tasks of its three-year (2020-22) action plan by the end of this year, further pushing forward the mixed-ownership reform and reorganization process in its State-owned enterprises, a senior government official said on Tuesday.
January 20, 2021 -
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China's central SOEs report rising profits in 2020 amid reforms
Despite disruptions due to the COVID-19 epidemic, China's centrally-administered state-owned enterprises (SOEs) reported profit growth in 2020 amid reforms to make their operations more efficient.
January 20, 2021 -
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Debt-asset ratio of China's central SOEs falls in 2020
The debt-to-asset ratio of China's centrally-administered state-owned enterprises (SOEs) continued to head downward in 2020, achieving the country's deleveraging target for SOEs, official data showed Tuesday.
January 19, 2021 -
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Net profits of central SOEs grew in 2020
The net profit of China's centrally-administered State-owned enterprises grew by 2.1 percent year-on-year to 1.4 trillion yuan ($215.74 billion) in 2020, according to the country's State assets regulator.
January 19, 2021 -
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China's central SOEs see profits rise 2.1% in 2020
China's centrally-administered state-owned enterprises (SOEs) saw their combined net profits reach 1.4 trillion yuan (215.77 billion U.S. dollars) last year, up 2.1 percent year on year, official data showed Tuesday.
January 19, 2021