In the January-June period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.86498 trillion ($0.465 trillion), increasing by 11.4 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on July 27, with the increase rate in question 1.6 percentage points higher than that recorded in the January-May period of the current year. In June alone, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 588.08 billion ($ 95.47 billion), increasing by 17.9 percent compared to June 2013, with the increase rate in question nine percentage points higher than that recorded in May of the current year.
Of the 41 major industrial sectors in China, in the January-June period this year 35 sectors registered year-on-year increases in gross profit, five sectors witnessed year-on-year decreases in gross profit, while one sector saw an unchanged gross profit compared to that recorded in the same period of 2013.
In particular, in the January-June period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 36.05 billion ($5.85 billion), decreasing by 2.8 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 53.21 billion ($8.64 billion) in the given period, increasing by 17.1 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-June period this year was RMB 79.67 billion ($12.93 billion), increasing by 13.8 percent year on year. In addition, in the given period, the total gross profit of China's automobile manufacturing sector amounted to RMB 298.22 billion ($48.41 billion), indicating a year-on-year increase of 29.1 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 29 percent year on year to RMB 38.82 billion ($6.3 billion).