BEIJING (Reuters) - Profits at China's state-owned firms rose 23.1 percent in the first seven months of 2017 from a year earlier, the Ministry of Finance said on Thursday.
Total profits stood at 1.66 trillion yuan ($249 billion) in January-July, while revenue rose 16.5 percent to 28.94 trillion yuan, the ministry said.
State firms' total liabilities rose 11.3 percent from a year earlier to 95.26 trillion yuan at the end of July, it said.