Business Standard

China's industrial profits grow 19.1% y-o-y in August to 612.81 bn yuan

That compares with a 19.6% increase in July and is the fourth straight month of profit growth

Automobile, manufacturing

For January-August, industrial firms’ profits fell 4.4% from a year earlier to 3.72 trillion yuan.

Reuters Shanghai
Profits at China's industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan, the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year.
That compares with a 19.6% increase in July and is the fourth straight month of profit growth.
For January-August, industrial firms' profits fell 4.4% from a year earlier to 3.72 trillion yuan, better than the 8.1% decrease in the first seven months.
 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 27 2020 | 8:21 AM IST

Explore News