China central govt-owned enterprises' 2017 profit 15.2pc

BEIJING: Total profit of the enterprises owned by China's central government rose by 15.2 percent in 2017 to 1.4 trillion yuan ($217.5 billion), the country's state-owned Xinhua news agency reported on Monday.

Xinhua said operating revenue for the enterprises also rose 13.3 percent last year to 26.4 trillion yuan,

State-owned China National Radio reported similar figures separately on Monday and said the enterprises' profit growth rate was the fastest in five years.

Xinhua also said the central government-owned enterprises will target coal capacity cuts of 12.65 million tonnes in 2018.