Kabul fuel prices surge as petrol rises nearly 14%
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Chinese state-owned and state-controlled enterprises reported combined profits of nearly CNY1.73 trillion ($255bn) in the first five months of 2026, marking a year-on-year increase of 3.5%, according to official data.
The figures were released by the Ministry of Finance on June 30 and show a mixed performance across the state sector, XinhuaNet reports.
Total operating revenue for the period fell 0.7% year on year to about CNY32.82 trillion, indicating pressure on top-line growth despite rising profitability.
The debt-to-asset ratio of these enterprises stood at 65.5% at the end of May, according to the same data set.
The results come as Beijing continues to push ahead with reforms of the state sector. The government work report published in March set out plans to deepen reforms of state-owned enterprises and state capital, aiming to improve the structure and allocation of state assets.
Last week, Vice Premier Zhang Guoqing reiterated calls for further reform of state-owned capital and enterprises. He urged efforts to strengthen their performance, scale and competitiveness, and to enhance their core functions in support of the wider state-led economy.
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