In the January-August period this year, the ferrous metal smelting and rolling sector recorded a gross loss of RMB 14.79 billion ($2.1 billion), down 57.1 percent year on year, as announced by China's National Bureau of Statistics (NBS) on September 27.
The automotive sector recorded a gross profit of RMB 303.59 billion ($42.3 billion) in the first eight months this year, up 2.4 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 32.66 billion ($4.6 billion), RMB 97.39 billion ($13.6 billion) and RMB 47.62 billion ($6.6 billion) in the January-August period, down 23.8 percent, down 3.8 percent and up 32.5 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 4.65582 trillion ($0.65 trillion), down 11.7 percent year on year.
$1 = RMB 7.1717