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 4.8666 trillion ($761.6 billion), decreasing by two percent year on year, according to data released by China’s National Bureau of Statistics (NBS) on November 27.
Of the 41 major industrial sectors in China, in the January-October period this year 30 sectors registered year-on-year increases in gross profit, while 11 sectors witnessed year-on-year decreases in gross profit. In the January-October period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 35.99 billion ($5.63 billion), decreasing by 43.2 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 32.90 billion ($5.15 billion) in the given period, declining by 68.3 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-October period was RMB 154.32 billion ($24.15 billion), increasing by 8.2 percent year on year. In addition, in the given period, the total gross profit of China’s automobile manufacturing sector amounted to RMB 460.75 billion ($72.10 billion), indicating a year-on-year decrease of 3.1 percent, while the total gross profit of the country’s railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 3.3 percent year on year to RMB 73.68 billion ($11.53 billion).