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China registers significant growth in industrial profits

ITN News Editor
By ITN News Editor September 27, 2018 12:50

China registers significant growth in industrial profits

Profits of China’s major industrial firms grew 16.2 percent in the first eight months of 2018, down from the 17.1-percent expansion for the January-July period. Total profits of industrial companies each with annual revenue of more than about 2.9 million U.S. dollars reached over 4.4 trillion yuan in the first eight months. Of the 41 industries, 34 registered profit increases and seven registered decreases year on year.

Profits grew remarkably in consumer goods and high-technology manufacturing industries, indicating that China’s industrial structure is continually improving.

 

 

 

 

ITN News Editor
By ITN News Editor September 27, 2018 12:50
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