On the huge profits of central government-controlled State-owned enterprises

• Source: Global Times
• [02:28 September 01 2010]
• Comments

"The absolute price of electricity and petrol in China are both lower than in developed countries. But from the perspective of purchasing power, China's electricity price is 10 times as high as that of developed countries."

Chen Yongjie, director of the Research Office for the All-China Federation of Industry and Commerce,

on the huge profits of central government-controlled State-owned enterprises in an interview with Shanghai-based China Business News Monday.