China Financial Daily

Central enterprises main economic indicators of decline slowing
State-25, released statistics show that in the first July, the central enterprises realized an accumulative total revenue and profits still declined year on year, but compared with the first half, the main economic indicators of decline slowed.

According to statistics, 1-July, the central enterprises to achieve total revenue of 6.3864 trillion yuan, down 6.2%, a decline of more than 0.1 percentage points from January to June narrowed. Over the same period, the central enterprises amounted to a profit of 398.35 billion yuan, down 20.9%, a decline of more than 5.3 percentage points from January to June narrowed.

SASAC Director Li Rongrong said the economic growth of central enterprises the foundation is not solid, some enterprises are still at a loss. He stressed that the central enterprises must promptly adjust their enterprise development strategies, organizational structure and product structure, improve technology and management capabilities, so that the competitiveness of enterprises referred to a higher level, embrace the future at a higher level, higher level, more intense competition .

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