DAVOS, Switzerland (Reuters) – Chinese state-owned companies aim to post higher profit growth than the country’s gross domestic product growth this year, Weng Jieming, vice chairman of the state-owned assets regulator said on Tuesday at the World Economic Forum’s meeting in Davos.
Net profits at China’s central government-owned firms rose 5% in 2022 from a year earlier, official data showed on Tuesday.
(Reporting by Brenda Goh and Ellen Zhang; Editing by Andrew Heavens)
