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

China's state-owned enterprises (SOEs) administered by the State-owned Assets Supervision and Administration Commission (SASAC), paid 1.8 trillion yuan (285.7 billion U.S. dollars) 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.