China State-Owned Firms’ Jan-August Profits Down 1.5% Y/Y

Profits at China’s state-owned firms in January-August fell 1.5% from the same period a year earlier to 3 trillion yuan ($420.8 billion), the country’s finance ministry said on Friday, narrowing from a 2.1% drop in January-July.

($1 = 7.1289 Chinese yuan)

Source: Reuters