China’s industrial enterprises’ gross profit up 9.4% in Jan-Nov

Wednesday, 28 December 2016 09:49:16 (GMT+3)   |   Shanghai
       

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 6.03341 trillion ($0.87 trillion), up 9.4 percent year on year, as announced by China's National Bureau of Statistics (NBS).

In the January-November period of the current year, of the 41 industrial sectors in China, 30 witnessed year-on-year increases 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 37.61 billion ($5.42 billion) and RMB 140.25 billion ($20.21 billion), respectively down 10.0 percent and rising by 274.7 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 187.46 billion ($27.01 billion), RMB 594.71 billion ($85.69 billion) and RMB 85.33 billion ($12.37 billion), up 6.1 percent,12.7 percent and 2.1 percent, year on year, respectively.

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