2018年CRI Chinese SOEs see solid profit growth in 2017

 

Chinese state-owned enterprises (SOEs) saw 23.5 percent profit growth last year, a contrast to the 1.7-percent in 2016.

Data from the Ministry¹ of Finance shows that combined SOE profits rose to a record-high 2.9 trillion yuan, or about 450 billion U.S. dollars for 2017.

SOE business revenue totaled over 52 trillion yuan.

2017 was the first year since 2010 that SOE business revenue and profit saw an increase in growth.

SOEs in coal, oil and petrochemicals enjoyed relatively² large profit increases, while power generation firms suffered significant declines.

In 2017, about 70 percent of the central SOEs were involved in mixed-ownership reforms, and authorities are reviewing plans for more to join the drive.

At the 19th National Congress of the Communist Party of China, the leadership pledged to further reforms to make SOEs "stronger, better and bigger," and turn them into "world-class, globally competitive firms."

With more on this, CRI’s Shane Bigham spoke³ with Cao Can, CRI's financial analyst⁴.

1 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

2 relatively   

adv.比较...地，相对地

参考例句：

• The rabbit is a relatively recent introduction in Australia.兔子是相对较新引入澳大利亚的物种。
• The operation was relatively painless.手术相对来说不痛。

3 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

4 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。