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Profits drop by 50% at China’s state-owned firms during Jan to May period: Finance Ministry

By admin1 on June 29, 2020 • ( 0 )

On Monday, in a statement China’s Finance Ministry said, profits of its state-owned firms fell by 52.7% year on year for the period of January 2020 to May 2020, to $93.67 billion (663.1 billion yuan).

($1 = 7.0794 yuan)

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Profits drop by 50% at China’s state-owned firms during Jan to May period: Finance Ministry

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Profits drop by 50% at China’s state-owned firms during Jan to May period: Finance Ministry

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