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BEIJING - China's State-owned enterprises (SOEs) reported steady profit growth in the first seven months of 2017 as the country's supply-side structural reforms took effect, Ministry of Finance data showed Thursday. The combined profits of China's SOEs gained 23.1 percent year-on-year to 1.66 trillion yuan (9.6 billion) during January-July. Centrally-administered SOEs made about 1.09 trillion yuan in profit, up 17.3 percent year-on-year, while locally-administered SOEs made over 575 billion yuan, up 35.8 percent year-on-year.Total business revenue for state firms rose 16.5 percent to 28.9 trillion yuan, while operating costs rose 15.8 percent to 28 trillion yuan. SOEs in steel and non-ferrous metals continued solid profit growth due to success in cutting overcapacity.

BEIJING - Chinese President Xi Jinping asked a group of college students to "take root" in Chinese society to learn the situation of the country and its people and to improve their talent and abilities via innovation and entrepreneurial activities.

BEIJING - China's central bank on Wednesday injected liquidity into the banking system through reverse repos to offset the impact from a tax payment peak.

BEIJING - China's central bank on Thursday pumped 50 billion yuan (.85 billion) into the market through open market operations.

BEIJING - China's central bank has continued its net cash injections via open market operations, easing the repos liquidity strain.