In the January-June period this year, of the 41 industrial sectors in China, 12 witnessed year-on-year increases in gross profit, 29 saw decreases in gross profit, year on year, as announced by China's National Bureau of Statistics (NBS) on July 27. In the given period, the ferrous metal smelting and rolling sector recorded a gross profit of RMB 1.87 billion ($0.26 billion), down 97.6 percent year on year.
The automotive sector recorded a gross profit of RMB 217.63 billion ($30.5 billion) in the first six months this year, up 10.1 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 23.09 billion ($3.2 billion), RMB 65.42 billion ($9.2 billion) and RMB 34.62 billion ($4.9 billion) in the January-June period, down 42 percent, down 10.6 percent and up 35.3 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 3.38846 trillion ($0.48 trillion), down 16.8 percent year on year.
$1 = RMB 7.1265