Last April state-owned enterprises ' revenue profits fall

Profit fell 36%, local state-owned enterprises fell 58.1% according to Xinhua news agency state Assets Supervision and Management Commission deputy director Shaoning 7th in Beijing, said the financial crisis to the state-owned enterprises brought great test.　　The revenues and profits of state-owned enterprises have both declined in the previous April. Shaoning said that in the context of the financial crisis, the international market demand shrank, and its impact from China's export sector to the upstream sector extension. At present, most industries are in a state of oversupply.　　Companies face shrinking demand, or a grim problem of overcapacity. Although central enterprises have taken a number of measures to strengthen management and reduce efficiency since the first half of last year, the revenues of central enterprises fell by 9.2% and their profits fell by 36% between 1 and April this year.　　In the same period, local state-owned and state-controlled enterprises operating income fell by 8.4%, to achieve profit fell 58.1%. Shaoning stressed that in the previous years, China's rapid economic growth has formed a part of production capacity, its corresponding demand has not actually existed. Although the national stimulus measures have received some results and the economy is showing signs of stabilisation, the demand for disappearance and the demand for start-up are not necessarily matched, while the policy of starting domestic demand with large amounts of fiscal expenditure and currency as its main content remains to be studied.