In the January-July period this year, of the 41 industrial sectors in China, 13 witnessed year-on-year increases in gross profit, 28 saw decreases in gross profit, year on year, as announced by China's National Bureau of Statistics (NBS) on August 27. In the given period, the ferrous metal smelting and rolling sector recorded a gross loss of RMB 4.96 billion ($0.7 billion), down 90.5 percent year on year.
The automotive sector recorded a gross profit of RMB 258.31 billion ($36 billion) in the first seven months this year, up 1.0 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 26.44 billion ($3.7 billion), RMB 80.7 billion ($11.2 billion) and RMB 40.71 billion ($5.7 billion) in the January-July period, down 32.6 percent, down 6.1 percent and up 30.4 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 3.94398 trillion ($0.55 trillion), down 15.5 percent year on year.
$1 = RMB 7.1856