You are here: Home » International » News » Economy
Business Standard

China's industrial profits up 25% y-o-y in Oct; bank assets grow by 10%

At the end of October, industrial firms' liabilities were 6.7 per cent higher than a year earlier


Profits earned by China's industrial companies in October rose 25.1 per cent from a year earlier, the statistics bureau said on Monday, slowing from a 27.7 per cent gain in September. Profits rose to 745.4 billion yuan ($112.94 billion) in October, the National Bureau of Statistics (NBS) said on its website. In September, profits surged the most in nearly six years as prices of finished goods including steel and copper soared. Prices had jumped due to fears of supply shortages in the winter amid an ongoing government crackdown on air pollution. In the first ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, November 27 2017. 09:33 IST