BEIJING (Reuters) - Earnings at China's centrally-owned firms rose 16.4 percent in the first seven months of the year from the year-earlier period, state radio reported on Wednesday, citing the government's cabinet.
The report also said China would push forward with restructuring government-owned companies.
China will also prevent an increase in local governments' hidden debts and push forward with capacity cuts in the coal-fire power and aluminium sectors, it said.
(Reporting by Beijing Monitoring Desk; Editing by Nick Macfie)
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