In the first six months of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.84418 trillion ($458.7 billion), decreasing by 0.7 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on July 27.
Of the 41 major industrial sectors in China, in the first six months 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-June period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 18.64 billion ($3.01 billion), decreasing by 47.5 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 40.79 billion ($6.6 billion) in the given period, declining by 22.4 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the first six months was RMB 86.67 billion ($13.98 billion), increasing by 10.4 percent year on year. In addition, in the given period, the total gross profit of China’s automobile manufacturing sector amounted to RMB 292.00 billion ($47.10 billion), indicating a year-on-year decrease of 2.1 percent, while the total gross profit of the country’s railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 5.4 percent year on year to RMB 40.89 billion ($6.60 billion).