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China SOE profits fall 1.6 pct

Xinhua, October 25, 2016 Adjust font size:

Profits of China's state-owned enterprises fell 1.6 percent year on year to 1.72 trillion yuan (around 254 billion U.S. dollars) during the first three quarters of the year, the Ministry of Finance said on Tuesday.

The pace of decline accelerated from a 1.3-percent decrease in the first eight months. Endi