China's central SOEs report strong profit growth in first two months: official

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Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission of the State Council, attends a press conference on the reform and development of state-owned enterprises for the second session of the 13th National People's Congress (NPC) in Beijing, capital of China, March 9, 2019. [Photo/Xinhua]

China's centrally-administered state-owned enterprises (SOEs) saw strong revenue and profit growth in the first two months of 2019, the head of China's top SOE watchdog said Saturday.

Their operation revenues grew by 3.9 percent year on year, while profits surged by 15.3 percent, Xiao Yaqing, head of the State-owned Assets Supervision and Administration Commission of the State Council, told a news conference on the sidelines of the annual legislative session.