China state-owned firms’ profit falls 2.1% year on year in January-July

BEIJING: Profit at China’s state-owned firms dropped 2 . 1 % to 2 . 68 trillion yuan (US$387. 54 billion) in the first seven a few months of the year compared to same period this past year, the Ministry of Finance said.

That combined a 2 . 1 per cent decline in profit in the first six months of the calendar year.