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Profit of SOEs Is expected to Exceed RMB200 Billion
Entering golden autumn, SOE reform achieves fruitful result. At present, 3629 enterprises have got out of deficit, which take 55% of the total enterprises in deficit.
Good news also comes from textile, metallurgy, petrochemical which keep pouring in. It is reported that the profit of SOEs all over the country will exceed RMB 200 billion.
This year is a decisive year for SOEs to get out of deficit. As the Central Government carries out a series of policies to expand domestic demand and promote the economic growth, SOEs makes great effort to put the policies of merging and bankruptcy, debts converted into shares, and interest discount for innovated technology into effect. All these measures are to accelerate the speed of SOEs�� getting out of deficit and reach the goal.
Profit of key industries increase steadily. Textile industry achieved RMB12.92 billion this year. Metallurgy continues to carry out the policy of closing the small metallurgical plants and undeveloped plants, and limit the production of long-term products. Profit of the 93 key large and medium scaled enterprises totaled RMB6.44 billion. Beginning from July, sugar industry had made up the deficits and gotten surpluses.
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