Chinasindustrialprofitsgrow19.5pctinAugust-PeoplesDailyOnline

Tuesday, Sep 27, 2016SearchArchiveChineseChineseJapaneseFrenchSpanishRussianArabicKoreaGermanPortugueseHomeOpinionsBusinessMilitaryWorldSocietyCultureTravelScienceSportsSpecial CoveragePhotoVideoEnglishBusinessChinas industrial profits grow 19.5 pct in August(Xinhua)    11:26, September 27, 2016BEIJING, Sept. 27 (Xinhua) — Chinas industrial profits rose 19.5 percent year on year to 534.8 billion yuan (about 80.3 billion U.S. dollars) in August, official data showed Tuesday.The growth rate was faster than the 11 percent increase registered one month earlier, according to the National Bureau of Statistics (NBS).In the first eight months of the year, industrial profits expanded 8.4 percent year on year, compared with a 6.9 percent rise during the January-July period.The bureaus calculations include companies with annual revenues exceeding 20 million yuan.NBS statistician He Ping said the August growth rate was the fastest monthly rate so far this year. He attributed the improvement to rising production and sales, a recovery in manufactured goods prices, lower operating costs, and a lower comparison base from last year.During the first eight months, 33 of the 41 industrial sectors reported year-on-year profit increases, with high-tech sectors, including computers and telecommunications, posting profit increases of 19.8 percent year on year.In contrast, electricity, energy production and the supply industry witnessed a 3.9 percent decrease in profits during the same eight-month period. Oil and gas exploitation also recorded losses.(For the latest China news, Please follow Peoples Daily on Twitter and Facebook)(Web editor: Huang Jin, Bianji)Add your comment/* * * CONFIGURATION VARIABLES: EDIT BEFORE PASTING INTO YOUR WEBPAGE * * */var shortname=window.location.host;var disqus_shortname=;var disqus_identifier=;if (shortname==en.people.cn){disqus_shortname=enpeople;disqus_identifier = 9120411;}/* * * DONT EDIT BELOW THIS LINE * * */(function() {var dsq = document.createElement(script); dsq.type = text/javascript; dsq.async = true;dsq.src = // + disqus_shortname + .disqus.com/embed.js;(document.getElementsByTagName(head)[0] || document.getElementsByTagName(body)[0]).appendChild(dsq);})();Please enable JavaScript to view the comments powered by Disqus.Related readingChina industrial design award launches in HangzhouIn pics: welding production line at Beijing Hyundai plantChinas industrial profit growth slows in H1Industrial transformation continues apaceIndustrial diversity pays benefits for local economyChina makes headway in industrial restructuring: ministerWe RecommendHome-made plane completes test flight in Chicago
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