ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Record profits at China's biggest SOEs show recovery's strength

Earnings of centrally administered enterprises more than triple to $63.7bn

Angang Steel expects a 362% year-on-year increase in net profit for the first quarter of this year thanks to surging demand.   © Reuters

The profits of China's centrally administered state-owned enterprises tripled in the first quarter, hitting an all-time high for the period as the country's economy continued to recover from the fallout of the COVID-19 pandemic, the top SOE regulator announced on Friday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more