BEIJING, Nov. 25 (Xinhua) -- China's state enterprises faced rapidly expanding operating costs and liabilities from January to October, the Ministry of Finance (MOF) said on Tuesday.
Operating costs of state enterprises grew 4.8 percent year on year to 38 trillion yuan (6.2 trillion U.S. dollars) in the first ten months, outpacing a 4.5 percent increase in operating revenue, according to MOF data.
Liabilities rose 12.1 percent to 65.5 trillion yuan, 0.2 percentage points faster than the growth in assets.
Despite all the pressure, China's state firms reported nearly 2.1 trillion yuan of profits from January to October.
But enterprises in sectors of nonferrous metals, coal, chemicals, petroleum, post and telecommunications largely suffered losses.
China has about 26,000 state firms, according to a latest economic survey. Only about 113 are administered directly by the central government with the rest supervised by local authorities.
Tuesday's results did not include financial firms.
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