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China SOE profits post milder decline

Xinhua, July 25, 2016 Adjust font size:

Combined profits of China's state-owned enterprises reached 1.13 trillion yuan (169 billion U.S. dollars) in the first half of this year, down 8.5 from one year earlier, official data showed Monday.

The pace of decline decelerated from a 9.6 percent slump in the first five months, according to the Ministry of Finance. Endi