The aggregate profit of China's state-owned enterprises grew by 23% in the first half of 2018, compared to the same period in 2017, to 887 billion 790 million yuan, according to the State Property Committee of the PRC. Revenue was 13 trillion 700 billion yuan, increased by 10.1%. The average ratio of debt to assets continued to decline and amounted to 66%, dropping from 66.3% at the beginning of this year. In June, the aggregate profit of state-owned companies grew by 26.4% in annual terms and reached a record volume of 201.88 billion yuan.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...