21 August 2019

October industrial profits up 15.1% on year, NBS says

Chinese industries posted a combined profit of 581.04 billion yuan (US$95.37 billion) in October, up 15.1 percent from the same month last year, the National Bureau of Statistics said in a statement Thursday. The October profit growth is down from an 18.4 percent increase in September. For the 10 months to October, industrial profits rose 13.7 percent year on year to 4.63 trillion yuan. Of the 41 sectors monitored by the bureau, 28 recorded earnings growth during the period. Industrial revenue grew 11.1 percent to 82.77 trillion yuan in the 10 months from a year earlier.

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