China January-April state-owned firms’ profit up 240% year-on-year – finance ministry By Reuters

BEIJING (Reuters) – Profit at China’s state-owned enterprises rose 240% to 1.36 trillion yuan ($213.42 billion) in the first four months of the year versus the same period a year prior, the ministry of finance said on Friday.

($1 = 6.3725 Chinese yuan renminbi)