Chinese SOEs achieve 23 pct profit growth in 2017

BEIJING, Jan. 23 (Xinhua) -- Chinese state-owned enterprises (SOEs) saw 23.5 percent profit growth last year as the economy held steady, official data showed Tuesday.

Combined SOE profits rose to 2.9 trillion yuan (around 453.2 billion U.S. dollars) for 2017, the Ministry of Finance said.