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
Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21Messi in starting lineup for Inter Miami's match against DC United
FORT LAUDERDALE, Fla. (AP) — Lionel Messi returned to the starting lineup for Inter Miami’s match ag2024-05-21- Israeli troops have recovered the bodies of three hostages in the Gaza Strip, with the military sayi2024-05-21
Israeli airstrikes kill 40 in central Gaza refugee camp
A man searches among the rubble after an Israeli airstrike in the Nuseirat refugee camp, central Gaz2024-05-21Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
NEW YORK (AP) — Saudi Arabia’s move into tennis will now include a multiyear deal to sponsor the WTA2024-05-21Man charged in random attack on Steve Buscemi in NYC
NEW YORK (AP) — A man wanted in connection with the random attack on actor Steve Buscemi on a New Yo2024-05-21
atest comment