In 2016, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 6.88032 trillion ($1.0005 trillion), up 8.5 percent year on year, as announced by China's National Bureau of Statistics (NBS).
In the given year, of the 41 industrial sectors in China, 29 witnessed year-on-year increases in gross profit. In 2016, the ferrous metals mining and dressing sector and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 40.37 billion ($5.87 billion) and RMB 165.91 billion ($24.13 billion), respectively down 13.0 percent and rising by 232.3 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 218.05 billion ($31.71 billion), RMB 667.74 billion ($97.09 billion) and RMB 102.09 billion ($14.85 billion), up 4.0 percent,10.8 percent and 4.8 percent, year on year, respectively.