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 3.90381 trillion ($0.57 trillion), up 17.1 percent year on year, as announced by China's National Bureau of Statistics (NBS). In the January-July period, of the 41 industrial sectors in China, 32 witnessed year-on-year increases in gross profit, 9 saw decreases in gross profit. In the given period, the ferrous metals mining and dressing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 5.32 billion ($0.78 billion) and RMB 33.76 billion ($4.94 billion), declining by 28.8 percent and 1.7 percent year on year, respectively.
At the same time, the ferrous metal smelting and rolling sector, the metal manufacturing sector, and the automotive sector recorded gross profits of RMB 230.51 billion ($33.75 billion), RMB 92.31 billion ($13.52 billion) and RMB 373.03 billion ($54.6 billion), up 97.8 percent, 1.2 percent and 1.6 percent year on year, respectively.