China’s industrial enterprises’ gross profit up 22 percent in H1

Thursday, 27 July 2017 10:52:01 (GMT+3)   |   Shanghai
       

In the first half of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 3.63375 trillion ($0.534 trillion), up 22 percent year on year, as announced by China's National Bureau of Statistics (NBS) on July 27.

In the first six months of the year, of the 41 industrial sectors in China, 38 witnessed year-on-year increases in gross profit, while the remaining three 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 22.88 billion ($3.4 billion) and RMB 130.12 billion ($19.1 billion), respectively up 76.8 percent and 96.4 percent year on year, while the metal manufacturing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 98.96 billion ($14.6 billion), RMB 345.02 billion ($50.7 billion) and RMB 44.85 billion ($6.6 billion), up 8.0 percent, 11.7 percent and 2.1 percent, year on year, respectively.


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