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 6.87501 trillion ($1.05 trillion), up 21.9 percent year on year, as announced by China's National Bureau of Statistics (NBS) on December 27.
In the first eleven months of the year, of the 41 industrial sectors in China, 39 witnessed year-on-year increases in gross profit, while the remaining two saw decreases in gross profit. In the given period, the ferrous metals mining and dressing sector and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 39.95 billion ($6.09 billion) and RMB 313.88 billion ($47.85 billion), respectively up 42.5 percent and 180.1 percent year on year, while the metal manufacturing sector and the automotive sector recorded respective gross profits of RMB 182.28 billion ($27.79 billion) and RMB 615.84 billion ($93.88 billion), rising by 6.4 percent and 6.1 percent year on year, respectively, and the railway, shipping, aerospace and other transportation equipment manufacturing sector indicated a gross profit of RMB 79.41 billion ($12.11 billion), up 0.3 percent year on year.