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Chinese SOEs profits rise 25.3% in Jan-Feb

Updated: Mar 28,2018 1:35 PM     Xinhua

BEIJING — Chinese State-owned enterprises (SOEs) saw profits rise 25.3 percent in the first two months of 2018 as the economy kicked off the year with better-than-expected performance, official data showed on March 28.

Combined SOE profits rose to 367.3 billion yuan (around $58.5 billion) for the January-February period, the Ministry of Finance said.

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