China’s SOEs log revenue growth in 2024
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The revenues of China’s state-owned enterprises (SOEs) went up 1.3 percent in 2024 from the previous year, recent official data showed.
The SOEs raked in 84.72 trillion yuan (11.77 trillion U.S. dollars) in operating revenues in 2024, data from the Ministry of Finance showed.
The combined profits of SOEs edged up 0.4 percent year on year to 4.35 trillion yuan in 2024.
The SOEs saw their debt-to-asset ratio reach 64.8 percent at the end of 2024, up 0.3 percentage points year on year.
Reference Link:- https://english.news.cn/20250130/9d02ad5fa3f14e5ab2e1176495481e96/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
