Profits at China's state-owned firms fell 52.7% y/y in Jan-May, according to a statement from the country's Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion).
FILE PHOTO: A Chinese flag is pictured at Lujiazui financial district in Pudong, Shanghai, China May 22, 2020. REUTERS/Aly Song BEIJING - Profits at China’s state-owned firms fell 52.7% y/y in Jan-May, according to a statement from the country’s Finance Ministry on Monday, to 663.
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