China’s industrial firms see a quicker profit growth
According to Chinese National Bureau of Statistics Combined net income of Chinese industrial firms rose 20.7 percent year on year to RMB 864.3 billion ($107 billion) in the first eight months of the year. Revenue rose 27.7 percent to RMB 15 trillion. Profit levels at the nation's coal-mining companies jumped 80 percent in the eight months through August and oil extractors' earnings surged 76 percent, the government said. Profit for China's steel makers rose 28 percent.