China's industrial profit up 7.8% in first 11 months

Source: Xinhua | December 28, 2009, Monday |

Online Edition

PROFITS of China's major industrial enterprises in the first 11 months rose 7.8 percent from the same period a year ago, the National Bureau of Statistics said today.

The growth rate was 2.9 percentage points higher than the corresponding period last year, when the global financial crisis started to weigh on the national economy.

The NBS did not provide industrial profit figures for the January-October and January-September periods, but said during the first eight months, industrial profits declined 10.6 percent from a year earlier.

Combined profits of major industrial enterprises with annual business revenues exceeding 5 million yuan (US$732,064) was 2.6 trillion yuan from January to November, the NBS said in a statement on its website.

Profits of the country's power generators almost tripled in the first 11 months year on year, while profits of the chemical fiber sector almost doubled, it said.

Combined profits of oil refineries and coking plants totaled 82 billion yuan, rebounding from losses of 122.2 billion yuan in the same period last year, according to the statement.

Revenues from major businesses of these industrial enterprises rose 7.1 percent year on year to 47.5 trillion yuan in the first 11 months.

Economy

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

China's industrial profit up 7.8% in first 11 months

Email this to your friend