SOEs pay $286b in taxes, fees in Jan-July

BEIJING -- China's state-owned enterprises administered by the State-owned Assets Supervision and Administration Commission, paid 1.8 trillion yuan ($285.7 billion) in taxes and fees in the first seven months of the year.

The figure represents a year-on-year growth rate of 13.5 percent, 4.5 percentage points higher than the growth of national tax revenues during the same period, SASAC said in a Tuesday statement.

The SASAC did not give a reason for the increase in taxes and fees paid.

Central government-owned companies turned over 1.3 trillion yuan in taxes and fees in the first seven months, up 13.8 percent from a year earlier, said the statement.

From January to July, the nation's tax revenues rose 9 percent to 6.4 trillion yuan, according to the statement.

During the same period, central SOEs saw net profits drop 16.1 percent year-on-year to 459.38 billion yuan. The drop narrowed 0.3 percentage points from the first half of the year, the SASAC announced last week.