(Xinhua) 10:07, March 27, 2024 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. |
Central gov't appoints veteran diplomat as new commissioner of Chinese FM in Hong KongDetectives solve 1968 killing of World War II veteran who became milkman, Florida sheriff saysResearchers enrich SW China regional climate history with tree ring dataDetectives solve 1968 killing of World War II veteran who became milkman, Florida sheriff saysWhat key recent events led to Iran's assault on Israel?Hun Sen defends Cambodian canal project, rejects outside slanderGene Herrick, AP photographer who covered the Korean War and civil rights, dies at 97Saweetie and YG Marley look cozy as they put on a lovedJiangsu continues supporting technological innovation of industriesChina reveals logos for four crewed space missions in 2024