Xinhua
27 Oct 2021, 11:00 GMT+10
BEIJING, Oct. 27 (Xinhua) -- Profits of China's major industrial firms maintained sound growth momentum in the first three quarters of the year as industrial production continued to recover and business operations kept improving, official data showed on Wednesday.
Industrial firms with annual business revenues of at least 20 million yuan (about 3.1 billion U.S. dollars) saw their combined profits jumping 44.7 percent year on year in the January-September period to top 6.34 trillion yuan, data from the National Bureau of Statistics (NBS) showed.
The volume surged 41.2 percent compared with the 2019 level, putting the average January-September growth for 2020 and 2021 at 18.8 percent.
In September alone, major industrial companies raked in profits of 738.74 billion yuan, up 16.3 percent year on year, NBS data showed.
Get a daily dose of China National News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to China National News.
More InformationGRAPEVINE, Texas: GameStop has taken a significant step into the world of cryptocurrencies, revealing this week that it has purchased...
NEW YORK CITY, New York: Rising mortgage rates and economic uncertainty are leaving many Americans unsure about whether to buy a home—just...
SAN FRANCISCO, California: Texas is set to become the first major U.S. state to require Apple and Google to verify the age of users...
WASHINGTON, D.C.: After months of steady decline, U.S. consumer confidence saw a significant rebound in May—buoyed in part by a temporary...
NEW YORK, New York - Uncertainty over trade tariffs kept invetsors and tradersv at bay on Friday with the major indices finishing mixed....
NEW YORK CITY, New York: As trade policy uncertainty rattles markets and slashes valuations, a growing number of U.S. retailers are...
SEOUL, South Korea: Lee Jae-myung, a liberal South Korean politician, is leading in the polls ahead of the June 3 snap presidential...
BEIJING, China: Six people are still missing and rescue teams continued their search on May 28 after a powerful explosion at a chemical...
SYDNEY, NSW, Australia - A teenage boy has been admitted to hospital, while three younger boys have been arrested, charged, and detained...
SYDNEY, NSW, Australia - A 45-year-old Queensland man has been charged after police allegedly discovered a loaded revolver, a prohibited...
YOKOSUKA, Japan: Facing mounting losses and global restructuring, Japan's Nissan Motor Corp. is turning to its unique e-Power hybrid...
In the early 1980s, after witnessing opportunities in Asia, Barry Pearton saw a clear gap in Australia's media market. Without nothing...