China's industrial profits up 10.2 pct in first 2 months -Worldly Weaves news portal

当前位置：首页 >politics >China's industrial profits up 10.2 pct in first 2 months

China's industrial profits up 10.2 pct in first 2 months

Release time：2024-05-21 15:03:05 Source：Worldly Weaves news portal

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.

Random recommendation

ACWF Launches Nationwide Mass Campaign to Greet 20th CPC National Congress Chinese Delegation Advocates World Without Gender Discrimination at UN CSW68 ACWF President Stresses Key Role of Family, Family Education and Family Tradition in Primary 7th China Medical Women's Congress Held in Beijing ACWF President Stresses Key Role of Family, Family Education and Family Tradition in Primary ACWF Volunteers Provide Services to Elderly, Children in Dongcheng District China's national political advisory body holds leadership meeting Asian Paralympic Committee president declares Hangzhou Asian Para Games closed Seminar for Women Leaders of Political Parties from Southern African Countries Convenes in Beijing CPC Delegation Visits Trinidad and Tobago