Jan-May profit at China state firms up 36.2 pct

Newswire

BEIJING, June 28 (Reuters) - China's 424 main state-owned enterprises earned a combined profit of 453 billion yuan ($59.5 billion) in the first five months of the year, 36.2 percent more than in the same period last year, the government said on Thursday. China's big state companies did well across a range of sectors, including metals, transport, power, automobile, foreign trade and machinery, as a result of the nation's stable and healthy economic growth, the State-owned Assets Supervision ...

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