China state-owned firms' profits up 0.4% y/y in 2024
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FILE PHOTO: The sign of China's Ministry of Finance is pictured in Beijing, China, Aug. 23, 2018. REUTERS/Jason Lee/File Photo
BEIJING (Reuters) - Profits at China's state-owned enterprises rose 0.4% in 2024 from the previous year, the Ministry of Finance said in a statement on its website on Sunday.
That compares with a 7.4% rise in state firm profits in 2023.
(Reporting by Kevin Yao; Editing by Tom Hogue)
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