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China's industrial profits grow 20% in August
(MENAFN) China's industrial firms' profits grew in August at the fastest pace in three years, due to rising sales, higher prices and lower costs, pointing to strengthening economic activity.
The world's second largest economy had shown signs of growth in some sectors recently, while in others such as steel, growth has been irregular.
According to the National Bureau of Statistics (NBS), profits jumped 19.5% to USD80.2b, the fastest monthly rate since August 2013.
The world's second largest economy had shown signs of growth in some sectors recently, while in others such as steel, growth has been irregular.
According to the National Bureau of Statistics (NBS), profits jumped 19.5% to USD80.2b, the fastest monthly rate since August 2013.
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