The main economic indicators of state-owned enterprises (SOEs) continued to grow in the first half of 2019, but profit growth rate slowed further, according to data released by the Ministry of Finance (MOF) on Tuesday.

The first six months of 2019 saw total profits at SOEs reach 1.82 trillion yuan (265 billion U.S. dollars), growing 7.2 percent year-on-year. Total revenue reached 29.49 trillion yuan (4.29 trillion U.S. dollars), growing 7.8 percent year-on-year.

The postive figures come amid a series of reforms to SOEs, with the sector moving toward mixed ownership and market-oriented management as well as seeing changes to the share-holding structure. 

The data again indicate the resilience of China's economy, with GDP growing 6.3 percent in the first half of the year, highlighting how the effect of the United States' tariffs against the country has been negligible. 

People's Daily, on May 10, 2019, supported this sentiment by saying, "The trade war can't bring China down. It will only harden us to grow stronger." 

Trump's tariffs on 250 billion U.S. dollars' worth of Chinese exports to the United States haven't collapsed China's economy. Rather, in the face of mounting U.S. trade pressure, China has fared better in the first half of the year in major economic indicators such as domestic consumption growth, employment, retail sales, industrial output and international trade.