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GROWING COSTS UNDERMINE PROFIT ABILITY OF CHINESE SOEs.
Publication: AsiaPulse News Publication Date: 31-AUG-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Aug 31 Asia Pulse - The profit-making ability of China's major state-owned enterprises (SOEs) dropped from January to July due to higher costs, according to statistics from the administrator of state-owned businesses.
Income of China's major SOEs totaled 5.68 trillion yuan (US$714 billion) in the first seven months,...
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