China's industrial profits up 10.2 pct in first 2 months
BEIJING, March 27 (Xinhua) -- Profits of China's major industrial firms increased 10.2 percent year on year in the first two months of the year, data from the National Bureau of Statistics (NBS) showed Wednesday.
The figure reversed a 2.3 percent decline registered in 2023, the NBS said.
Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.82 million U.S. dollars) saw their combined profits reach 914.06 billion yuan during the period.
Among the 41 industrial categories monitored by the bureau, 29 recorded profit growth.
The profits of the equipment manufacturing sector continued to increase rapidly in the January-February period.
The combined profits of the sector gained 28.9 percent year on year, 24.8 percentage points higher than the growth rate registered in the previous year.
The surge contributed 6.7 percentage points to the country's overall growth in industrial profits, making equipment manufacturing sector the largest contributor, said the NBS.
Related articles
UK weather: Last month was the hottest April on record worldwide since 1940
This April was the hottest worldwide since records began in 1940 – and the 11th successive record-br2024-05-09Xi Focus: Xi Jinping meets Ma Ying
Xi Jinping, general secretary of the Communist Party of China Central Committee, meets with Ma Ying-2024-05-09China Focus: China's Qingming holiday box office hits record high
BEIJING, April 7 (Xinhua) -- China's box office revenue during the three-day Qingming Festival holid2024-05-09Protection of consumers' personal information highlighted in China's new regulations
The State Council Information Office holds a briefing on a set of newly released regulations for imp2024-05-09Zendaya displays her stylish off
Zendaya displayed her stylish off-duty look hours before co-chairing fashion's biggest night - the M2024-05-09- HONG KONG, April 7 (Xinhua) -- Hong Kong will roll out a slew of measures including tax relief to sh2024-05-09
atest comment