Central state owned enterprises made 18 trillion yuan revenues in the first ten months of 2016. That was one percent higher from a year ago.

China's state firm watchdog said Friday that the central state firms also made progress in overcapacity cuts and relocated 11 thousand workers.

The watchdog also said the non-tradeable shares reform has accelerated, and SOE categorization is basically finished. More details are expected in the first half of 2017.