China Q1 industrial profit goes up

Beijing, April 27 (IANS) Major Chinese industrial firms saw their combined profit rise 12.1 percent year on year in the first quarter, official data showed Saturday.

Profits at industrial companies with annual revenues of more than 20 million yuan ($3.2 million) amounted to 1.17 trillion yuan in the first three months, the National Bureau of Statistics said in a statement.

In March alone, their profit moved up 5.3 percent year on year to 464.9 billion yuan, reported Xinhua.

The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.

Leave a comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.