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Central SOE revenues hit 18.7t yuan

Central State-owned enterprises made 18 trillion yuan revenues in the first ten months of 2016. That was one percent higher from a year ago.

China’s state firm watchdog said on Dec 9 that the central state firms also made progress in overcapacity cuts and relocated 11 thousand workers.

The watchdog also said the non-tradeable shares reform has accelerated, and SOE categorization is basically finished. More details are expected in the first half of 2017.