Major financial indicators of the country's 417 key state-owned enterprises (SOE) improved steadily in the first seven months, according to the State-owned Assets Supervision and Administration Commission (SASAC), China Securities News reported (in Chinese). Sales revenues of the 417 enterprises hit US$911 billion in the first seven months, up 20.5% from the same period last year. Meanwhile, their combined exports reached US$45 billion, up 17.9%. The key SOEs' total profits rose to US$88 billion in the first half of this year, 33.5% higher than last year.
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