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China: Profits in industrial firms up 34.3%

Profits of China’s industrial enterprises rose 34.3 percent year on year to 645.5 billion yuan (about 97.8 billion U.S. dollars) in the first two months this year, the National Bureau of Statistics (NBS) said Sunday. The main business sales revenue of the industrial enterprises of scale — referring to enterprises with annual primary business sales revenue exceeding 20 million yuan each, instead of the previously used threshold of 5 million yuan — climbed 31 percent from one year earlier …

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Profits of China’s industrial enterprises rose 34.3 percent year on year to 645.5 billion yuan (about 97.8 billion U.S. dollars) in the first two months this year, the National Bureau of Statistics (NBS) said Sunday.

The main business sales revenue of the industrial enterprises of scale — referring to enterprises with annual primary business sales revenue exceeding 20 million yuan each, instead of the previously used threshold of 5 million yuan — climbed 31 percent from one year earlier to 10.7 trillion yuan in the January-February period, the NBS said.

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