In the first half of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.99982 trillion ($0.45 trillion), up 6.2 percent year on year, as announced by China's National Bureau of Statistics (NBS) on July 27.
In the first half of the current year, of the 41 industrial sectors in China, 30 witnessed year-on-year increases in gross profit. In the given period, the ferrous metals mining and dressing sector and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 16.24 billion ($2.43 billion) and RMB 69.03 billion ($10.35 billion), down 13.1 percent and up 83.6 percent year on year, while the metal manufacturing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 92.01 billion ($13.79 billion), RMB 310.4 billion ($46.54 billion) and RMB 42.25 billion ($6.33 billion), up 8.6 percent, 6.5 percent and 5.6 percent, year on year.