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Economic system8 hours within the past (Dec 18, 2021 07: 01AM ET)


© Reuters. FILE PHOTO: The Chinese nationwide flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter

BEIJING (Reuters) -Salvage income of centrally-owned screech companies in China reached 1.75 trillion yuan ($274.52 billion) in January-November, the screech asset regulator acknowledged on Saturday, in accordance with screech media.

Complete income of the companies totalled 2.3 trillion yuan within the indispensable 11 months of the year, with major profitability enchancment within the oil, metallic and coal sectors, in accordance with an legitimate with the regulator, China Securities Journal reported.

Hao Peng, head of the screech-owned Sources Supervision and Administration Commission of the Declare Council (SASAC), also urged the companies to strictly retain an eye on debt dangers, and sever the scale of perpetual bonds in an trim device within the fresh year, in accordance with the document.

($1 = 6.3748 renminbi)

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