CHINA-ECONOMY: CHINA'S STATE ASSETS TOTAL US$ 67 trillion
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A report containing the second annual review of the condition of state assets submitted by China's State Council to the Standing Committee of the National People's Congress stated that the total assets on the books of the Chinese government at the end of last year came to 474.7 trillion yuan ($67 trillion), equivalent to almost 80% of global GDP for 2018. It said state assets generated healthy returns, according to the report. According to the report, assets of China’s nonfinancial SOEs grew 14.7% from a year earlier to 210.4 trillion yuan as of the end of 2018. State-owned financial enterprises’ assets gained 9.7% to 264.3 trillion yuan.
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