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The Ministry of Finance of China announcedon August 21 st that the state-owned and state-controlled enterprises had combined sales ofRMB11 638 billion in the first seven months,down 4.7% year over year, compared withthe 5.9% drop in the first six months, andearned a profit of RMB686 billion with a year-on-year drop of 22.8%. For July alone, thetotal revenue achieved by these enterpriseswent down by 7.2% month-on-month and thetotal profit fell 2%.The National Bureau of Statistics of China(NBS) reported that the country’s all indus-trial enterprises achieved a year-on-yeargrowth of 7.5% in total industrial value addedin the first seven months, compared withthe 7.1% growth in the first six months. Theannualized growth for July alone was 10.
The Ministry of Finance of China announcedon August 21 st that the state-owned and state-controlled enterprises had combined sales ofRMB11 638 billion in the first seven months, down 4.7% year over year, compared with the 5.9% drop in the first six months, The July July alone, the total revenue achieved by these enterpriseswent down by 7.2% month-on-month and the total profit fell 2%. The National Bureau of Statistics of China (NBS) reported that the country’s all indus-trial enterprises achieved a year-on-yeargrowth of 7.5% in total industrial value addedin the first seven months, compared withthe 7.1% growth in the first six months. Theannualized growth for July alone was 10.