In the January-May period of the current year, the aggregate gross profits of large and medium-sized industrial enterprises in
China amounted to RMB 2.27644 trillion ($0.37 trillion), increasing by 9.8 percent year on year, according to data released by
China's National Bureau of Statistics (NBS) on June 27, with the increase rate in question 0.2 percentage points lower than that recorded in the January-April period of the current year. In May alone, the aggregate gross profits of large and medium-sized industrial enterprises in
China amounted to RMB 512.72 billion ($ 83.64 billion), increasing by 8.9 percent compared to May 2013, with the increase rate in question 0.7 percentage points lower than that recorded in April of the current year.
Of the 41 major industrial sectors in
China, in January-May this year 32 sectors registered year-on-year increases in gross profit, eight 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-May period this year, the aggregate gross profit of the ferrous metal mining industry in
China was RMB 28.36 billion ($4.63 billion), decreasing by 3.8 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in
China was RMB 39.86 billion ($6.51 billion) in the given period, increasing by 1.6 percent year on year. The aggregate gross profit of the metal product manufacturing sector in
China in the January-May period this year was RMB 63.51 billion ($10.36 billion), increasing by 12.8 percent year on year. In addition, in the given period, the total gross profit of
China's automobile manufacturing sector amounted to RMB 241.58 billion ($39.41 billion), indicating a year-on-year increase of 29.6 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 27.3 percent year on year to RMB 29.69 billion ($4.84 billion).