In the January-October period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 6.24508 trillion ($0.95 trillion), up 23.3 percent year on year, as announced by China's National Bureau of Statistics (NBS) on November 27.
In the first ten 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 37.24 billion ($5.64 billion) and RMB 273.73 billion ($41.47 billion), respectively up 56.4 percent and 162.2 percent year on year, while the metal manufacturing sector and the automotive sector recorded respective gross profits of RMB 166.71 billion ($25.26 billion) and RMB 562.21 billion ($85.18 billion), rising by 7.8 percent and 8.8 percent year on year, respectively, and the railway, shipping, aerospace and other transportation equipment manufacturing sector indicated a gross profit of RMB 77.04 billion ($11.67 billion), up 4.2 percent year on year.