Posted inChina

SDIC’s realized profits hit US$1.75 billion, a 41% jump

China’s largest state-owned investment company, the State Development and Investment Corporation (SDIC), said recently that the organization’s realized profits hit 11.3 billion yuan (US$1.75 billion) for the first half of this year, a 41% increase from the same period last year, reported Yicai.com. Wang Huisheng, the chairman of SDIC, told Yicai that the organization’s pilot reforms […]