In the January-November period this year, the ferrous metal smelting and rolling sector recorded a gross loss of RMB 7.86 billion ($1.1 billion), down 83.7 percent year on year, as announced by China's National Bureau of Statistics (NBS) on December 27.
The automotive sector recorded a gross profit of RMB 413.2 billion ($57.5 billion) in the first eleven months this year, down 7.3 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 51.26 billion ($7.1 billion), RMB 157.25 billion ($21.9 billion) and RMB 98.39 billion ($13.7 billion) in the January-November period, up 4.3 percent, down 3.5 percent and up 29.5 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 6.66748 trillion ($0.93 trillion), down 4.7 percent year on year.
