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Central govt's firm support
Cargo is loaded onto ships at Qingdao port in Shandong province in July. [Photo/ZHANG JINGANG/FOR CHINA DAILY]
Charlie Kindel, director of Alexa Smart Home. (GeekWire Photo / Todd Bishop)
Central SOEs reported a year-on-year growth of 13.1 percent to 426.5 billion yuan in combined profits in the first quarter of 2019, according to the State-owned Assets Supervision and Administration Commission.
Central SOEs reported steady profit growth in the first quarter of this year, as combined profits saw year-on-year growth of 13.1 percent to 426.5 billion yuan (.5 billion) during the period. Companies in sectors such as mining, defense, transportation and construction outperformed the others, according to the State-owned Assets Supervision and Administration Commission of the State Council.