China-Economic Performance/SOEs

Centrally-administered SOEs give good performance in Q1-Q3

  • English

Shotlist


Beijing, China - Oct 12, 2017
1. Various of press conference in progress
2. SOUNDBITE (Chinese) Shen Ying, chief accountant, State-owned Assets Supervision and Administration Commission (SASAC), State Council (starting with shot 1) (partially overlaid with shot 3, ending with shots 4-5):
"The development momentum is more apparent that the centrally-administered enterprises have retained a rapid growth in both revenue and profit and turned for the better, made progress and improved quality in stability. The stability, continuity and coordinateness in the growth of their economic results continued to be consolidated, which created the best performance since the 18th National Congress of the Communist Party of China (CPC)."
++SHOT OVERLAYING SOUNDBITE++
3. Press conference in progress
++SHOT OVERLAYING SOUNDBITE++

FILE: China (Exact Location Unknown) - Date Unknown
4. Various of power equipment
5. Wind power generator
6. Various of plant
7. Vehicles in plant
8. Various of machines working interior
9. Various of researchers working
10. Staff members discussing

Storyline


The revenue and profit growth rates of China's centrally-administered SOEs in the first three quarters were the best since 2012, according to an official from the State-owned Assets Supervision and Administration Commission (SASAC) of the State Council.

Shen Ying, chief accountant of the SASAC, made the remarks at a press conference in Beijing on Thursday when she briefed the economic performance of these enterprises.

During the first nine months of 2017, the centrally-administered SOEs realized an accumulative operation revenue of 19.1 trillion yuan, up 15.4 percent year on year, and they made a total profit of 1.11 trillion yuan, up 18.4 percent year on year.

Such a performance carried on the growth momentum since the fourth quarter of last year, and produced the best ever economic results in history, Shen said.

The growth rates of both revenue and profits remained rapid, 12.5 and 18.3 percentage points respectively more than the average rates of the previous five years.

"The development momentum is more apparent that the centrally-administered enterprises have retained a rapid growth in both revenue and profit and turned for the better, made progress and improved quality in stability. The stability, continuity and coordinateness in the growth of their economic results continued to be consolidated, which created the best performance since the 18th Congress of the Communist Party of China (CPC)," she said.

The data also show that while the centrally-administered SOEs implemented the supply-side structural reform in the first three quarters, entity enterprises had taken solid steps in their revitalization and emerging strategic industries developed rapidly, she said.

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  • ID : 8063189
  • Published : 2017-10-12 22:05
  • Last Modified : 2017-10-14 21:10:13
  • Location : Beijing,China
  • Category : economy, business and finance
  • Duration : 0'53
  • Audio Language : Chinese/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 3
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