In the January-November period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 6.11688 trillion ($0.88 trillion), up 11.8 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the January-November period, of the 41 industrial sectors in China, 34 witnessed year-on-year increases in gross profit, while seven saw decreases in gross profit. In the given period, the ferrous metals mining and dressing sector and the automotive sector recorded respective gross profits of RMB 10.99 billion ($1.58 billion) and RMB 545.32 billion ($78.6 billion), declining by 7.9 percent and 6.0 percent year on year, respectively.
At the same time, the ferrous metal smelting and rolling sector, the metal manufacturing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded gross profits of RMB 386.23 billion ($55.7 billion), RMB 143.77 billion ($20.7 billion) and RMB 59.61 billion ($8.6 billion), up 50.2 percent, 5.9 percent and 6.0 percent year on year, respectively.