China's industrial profits up 22.8 pct in first nine months

Xinhua
China's major industrial firms posted faster profit growth in the first three quarters of this year, the National Bureau of Statistics (NBS) said Friday.
Xinhua

China's major industrial firms posted faster profit growth in the first three quarters of this year, the National Bureau of Statistics (NBS) said Friday.

The companies reported a 22.8 percent year-on-year profit increase in the nine-month period, up from 21.6 percent in the January-August period, the NBS said in a statement.

In September alone, profits of major industrial firms rose 27.7 percent year on year, much faster than the 24-percent growth in August, it said.


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