BEIJING -- Profits of China's State-owned enterprises surged 10.1 percent in the first 10 months of the year from the same period in 2012.
Profits stood at 1.97 trillion yuan ($321.50 billion) in the January-October period, said the Ministry of Finance on Wednesday.
Total business revenue at SOEs grew 11 percent to 37.70 trillion yuan in the 10-month period.