In the January-July period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 3.52359 trillion ($0.53 trillion), up 6.9 percent year on year, as announced by China's National Bureau of Statistics (NBS) on August 27.
In the January-July period 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 19.58 billion ($2.93 billion) and RMB 83.88 billion ($12.56 billion), down 14.5 percent and up 131.5 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 109.01 billion ($16.32 billion), RMB 356.64 billion ($53.39 billion) and RMB 49.61 billion ($7.43 billion), up 9.1 percent, 8.0 percent and 5.5 percent, year on year, respectively.