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 4.94468 trillion ($0.81 trillion), increasing by 6.7 percent year on year, according to data released by China's National Bureau of Statistics (NBS) on November 27, with the increase rate in question 1.2 percentage points lower than that recorded in the January-September period of the current year.
In October alone, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 575.47 billion ($93.72 billion), decreasing by 2.1 percent compared to October 2013, while in September the figure had increased by 0.4 percent compared to September 2013.
Of the 41 major industrial sectors in China, in the January-October period this year 33 sectors registered year-on-year increases in gross profit, while eight sectors witnessed year-on-year decreases in gross profit. In particular, in the January-October period this year, the aggregate gross profit of the ferrous metal mining industry in China was RMB 63.85 billion ($10.40 billion), decreasing by 16.7 percent year on year. Meanwhile, the aggregate gross profit of the ferrous metal smelting and processing industry in China was RMB 104.38 billion ($17.00 billion) in the given period, increasing by 6.9 percent year on year. The aggregate gross profit of the metal product manufacturing sector in China in the January-October period this year was RMB 143.33 billion ($23.34 billion), increasing by 10.6 percent year on year. In addition, in the given period, the total gross profit of China's automobile manufacturing sector amounted to RMB 472.69 billion ($76.99 billion), indicating a year-on-year increase of 19.6 percent, while the total gross profit of the country's railway, ship, aerospace and transportation machinery and equipment manufacturing sector increased by 34.6 percent year on year to RMB 70.91 billion ($11.55 billion).