(MENAFN- Qatar News Agency) Ijing July 29 (QNA) - Net profits of China's state-owned enterprises (SOEs) hit 1.9 trillion yuan in 2013 up 4.4 percent year on year the Ministry of Finance said. The enterprises' total assets stood at 104.1 trillion yuan ($17.07 trillion) in 2013 up 16.3 percent year on year. Total debt was 67.1 trillion yuan up 16.7 percent year on year. The SOEs provided 36.98 million jobs up 0.7 percent year on year including 17.62 million from SOEs owned by the central government and 19.36 million from those controlled by local governments South Korean news agency Yonhap reported. They paid about 3.8 trillion yuan in tax in 2013 up 5.4 percent year on year including 2.8 trillion yuan from SOEs owned by the central government up 6 percent year on year and the rest from SOEs run by local governments up 3.7 percent year on year. China had about 155000 SOEs at the end of 2013 up 5.8 percent from the previous year including about 52000 owned by the central government and the rest controlled by local governments. (QNA)
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