China's 2013 industrial profit up

Chinese industrial businesses saw their profits rise 12.2 percent year-on-year in 2013, official data showed Tuesday.

The total profits of industrial companies with annual revenues of more than 20 million yuan ($3.28 million) reached 6.28 trillion yuan last year, Xinhua cited from a statement by the National Bureau of Statistics.

The growth rate was higher than that in 2012, but lower than that in 2011. The companies' profits rose a mere 5.3 percent in 2012, compared with the 25.4-percent surge registered in 2011.

In December 2013 alone, those companies' combined profits climbed 6 percent year-on-year to 942.53 billion yuan.

The monthly growth, however, was 3.7 percentage points lower than that in November.