China's Industrial Profits Rise 17.6% in First Seven Months
China's industrial firms with annual revenue above a designated threshold posted total profits of RMB 4.58206 trillion in the January-July period, up 17.6% year on year, according to the National Bureau of Statistics. The data, released on August 27, indicate steady growth in industrial production and the accelerating expansion of new growth drivers.
Data released by the National Bureau of Statistics on August 27 showed that in the first seven months of the year, industrial enterprises above a designated size achieved total profits of RMB 4.58206 trillion, an increase of 17.6% year on year. Industrial production maintained steady growth, while new growth drivers continued to expand and strengthen.