BEIJING, May 30 (Xinhua) -- The following are the highlights of China's business news from the past week:
INDUSTRIAL PROFITS
Profits of China's major industrial companies saw accelerated growth in the first four months of this year as the country's economic recovery is further consolidated, official data showed on Thursday.
Industrial firms with an annual business revenue of at least 20 million yuan (about 3.12 million U.S. dollars) saw their combined profits surge 106 percent year on year in the January-April period to over 2.59 trillion yuan, data from the National Bureau of Statistics (NBS) showed.
When compared with the first four months of 2019, the figure represented a rise of 49.6 percent. The average growth rate over the past two years stood at 22.3 percent, NBS data showed.
PROFITS OF SOEs
The combined profits of China's state-owned enterprises (SOEs) skyrocketed 240 percent from a year ago to 1.36 trillion yuan in the first four months of 2021, official data showed Friday.
During the period, the profits of centrally administered SOEs rose 160 percent year on year to 961.08 billion yuan, according to the Ministry of Finance.
The SOEs saw their total revenue surge 32.2 percent year on year to about 22.22 trillion yuan.
NON-FINANCIAL ODI
China's non-financial outbound direct investment (ODI) went down 5.2 percent year on year in the first four months of the year, official data showed Thursday.
The ODI amounted to 222.87 billion yuan in the period, according to the Ministry of Commerce. Enditem
