Chinese SOEs' profits rise 1.9% in four months
According to data from China's Ministry of Finance, state-owned enterprises recorded combined profits exceeding 1.37 trillion yuan (approximately $202 billion) during the first four months of 2026, representing a 1.9% increase year-on-year. Meanwhile, operational revenues declined by 0.5% to reach 26.27 trillion yuan, and the debt-to-asset ratio stood at 65.5% at the end of April. The government is working on developing plans to deepen reforms of these companies and improve the structure of the state-owned sector.
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