Tuesday, 02 January 2024 12:17 GMT

Chinas Industrial Profit Rise 9.4%


(MENAFN- Qatar New s Agency ) Chinese industrial businesses saw their profits rise 9.4% year on year in the first two months of 2014, official data showed on Thursday.



Total profits of industrial companies with annual business revenue of more than 20 million yuan (3.25 million US dollars) reached 779.3 billion yuan in the Jan-Feb period, (Xinhua) reported citing the National Bureau of Statistics statemen



The growth rate was lower than that for the whole of 2013, which stood at 12.2%. But it was notably higher than that for December, when profits of industrial companies rose only 6% year on yea



In the first two months, the performance of these firms was uneve



State-owned and state-holding industrial enterprises achieved total profits of 216.9 billion yuan, down by 0.2% year on year, the data showed. Profits of private firms in China rose the fastest at 16.4% to reach 260.3 billion yuan in the first two month



Combined profits of foreign-funded enterprises and companies funded from Hong Kong, Macao and Taiwan stood at 181.5 billion yuan, up 14.5% year on year, the data showe



Joint-stock enterprises achieved total profits of 445.6 billion yuan, an increase of 6.9% year on yea



Some industrial companies fall into one or more of the above (four) categorie



By sector, industrial firms in the mining industry achieved total profits of 103.8 billion yuan in the first two months, tumbling 18.5% year on year. Companies in the manufacturing sector saw their profits rise 14.8% year on year to 610.9 billion yuan in the same period


Qatar News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story