In the January-June period this year, the ferrous metal smelting and rolling sector recorded a gross loss of RMB 310 million, with the loss shrinking significantly from RMB 12.72 billion ($1.8 billion) recorded in the first five months this year, as announced by China's National Bureau of Statistics (NBS) on July 27.
The automotive sector in China recorded a gross profit of RMB 237.7 billion ($33.3 billion) in the first six months this year, up 10.7 percent year on year.
At the same time, the ferrous metals mining and dressing sector, the metal manufacturing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded gross profits of RMB 34.13 billion ($4.8 billion), RMB 72.25 billion ($10.1 billion) and RMB 47.02 billion ($6.6 billion) in the given period, up 55.1 percent, 9.3 percent and 36.0 percent year on year, respectively.
In the given period, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 3.51103 trillion ($0.49 trillion), up 3.5 percent year on year.
