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SOE revenues down 3.5% in Jan-Aug
(Xinhua)
Updated: 2009-09-19 11:35 Business revenues of China's state-owned enterprises (SOEs) dropped 3.5 percent in the first eight months from the same period last year, the Ministry of Finance (MOF) said Friday.
The rate of decline in profits was 3.2 percentage points lower than the January-July figure. The firms include SOEs directly controlled by the central government and SOEs supervised by local governments, but exclude state-owned financial enterprises. (For more biz stories, please visit Industries)
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