Official data says China's state firms returned to profitable growth in 2013 after a decline during the previous year.
The Finance Ministry says China's state-owned non-financial companies earned combined profits of 2.4 trillion yuan, or nearly 400 billion U.S. dollars. That represents a growth of 5.9 percent from the previous year.
Firms owned by the central government posted an increase in annual profits of 7.4 percent in 2013, while companies owned by local governments reported a 2.7 percent rise.
Companies in transportation, electronics, automobile and property development reported strong year-on-year profit growth.
Meanwhile, companies in the non-ferrous metal, coal, petrochemical and mechanical industries saw relatively large earnings drop.
Source:CCTV
