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    China’s industrial profits maintain stable growth in the first 8 months

    According to official data, China’s major industrial companies maintained steady profit growth momentum for the first eight months of the year as industrial production remained strong and business operations continued to improve. Volume surged 42.9% compared to 2019 levels, with an average growth rate of 19.5% from January to August 2020 and 2021.

    According to data from the National Bureau of Statistics (NBS), industrial enterprises with annual business revenue of 20 million yuan (about 3.1 billion dollars) or more have total profits of 5.6 trillion yuan from January to August, up 49.5% from the previous year. Has been reached. ..

    Citing NBS data, the official news agency reported that in August alone, a major industrial company made a profit of 680,280 million yuan, up 10.1% from the previous year.

    According to official data, China’s major industrial companies maintained steady profit growth momentum for the first eight months of the year as industrial production remained strong and business operations continued to improve. Volume surged 42.9% compared to 2019 levels, with an average growth rate of 19.5% from January to August 2020 and 2021.

    Fiber2Fashion News Desk (DS)

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    China’s industrial profits maintain stable growth in the first 8 months

    Source link China’s industrial profits maintain stable growth in the first 8 months

    The post China’s industrial profits maintain stable growth in the first 8 months appeared first on Eminetra.

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