Shanghai lithium-ion battery exports up

Foreign-invested enterprises have played a pivotal role in propelling the surge in lithium-ion battery exports from Shanghai in the first quarter of this year, according to data from Shanghai Customs. They exported lithium-ion batteries worth 10.68 billion yuan ($1.5 billion), up 31 percent year-on-year.

SOE revenues grow 3% in first quarter

Chinese State-owned enterprises' first-quarter operating revenue increased 3.2 percent year-on-year to 19.81 trillion yuan ($2.79 trillion), data from the Ministry of Finance showed. Their combined first-quarter profit rose nearly 3 percent year-on-year to 1.08 trillion yuan.