Chinese SOE profits grow 3.5% in first five months

During the first five months of 2026, state-owned Chinese companies achieved aggregate profits of approximately $254 billion, reflecting a year-on-year increase of 3.5%. Meanwhile, operating revenue declined by 0.7% to reach 32.82 trillion yuan, and the debt-to-assets ratio stood at 65.5% as of the end of May. The government is working on implementing reforms to deepen the restructuring of the state-owned sector and improve its performance.

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