18 August 2019

China industrial profit up 9.4% in Jan-Feb, paper says

Mainland industrial businesses saw their profits rise 9.4 percent year on year in the first two months of 2014, China Daily reported Thursday, citing official data from a Xinhua report. Total profits of industrial companies with annual business revenue of more than 20 million yuan (US$3.25 million) reached 779.3 billion yuan in the Jan-Feb period, according to the National Bureau of Statistics. The growth rate was lower than the 12.2 percent reported for all of 2013, but higher than the 6 percent recorded in December.


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