Profits from Chinese industrial enterprises jumped 10 percent, in a year-on-year increase, to 324.6 billion yuan (US$39.3 billion) in the first eight months of this year, official figures showed.
Figures released by the National Bureau of Statistics (NBS) Tuesday showed that the growth rate was 1.9 percentage points up from that for the first seven months of the year.
Sales of industrial enterprises surged 14.1 percent year-on-year to 6,648.7 billion yuan (US$804 billion) from January to August. The growth rate was 0.5 percentage points higher than in the January-July period.
The four industrial sectors of automobile, chemical, coal mining and machinery reaped in 20 billion yuan (US$2.4 billion) in profits, accounting for 68.1 percent of the total industrial profits.
NBS figures showed losses amounted to 83.6 billion yuan (US$10.1 billion) in the first eight months of the year. The growth of losses dropped to 1.9 percent from four percent for the January-July period.
(Xinhua News Agency September 25, 2002)
