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China's Sept industrial profits rise 7.7% y-o-y

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Profits earned by China's industrial firms in September rose 7.7 per cent from a year earlier, the statistics bureau said on Thursday.

[BEIJING] Profits earned by China's industrial firms in September rose 7.7 per cent from a year earlier, the statistics bureau said on Thursday.

Profits in September rose to 577.1 billion yuan (S$118.45 billion), the National Bureau of Statistics (NBS) said on its website.

Industrial profits rose 8.4 per cent in the first nine months from the same period a year earlier, similar to the growth rate in the first eight months of the year.

Chinese industrial firms' liabilities at the end of September were 4.7 per cent higher than at the same point last year.

The data covers large enterprises with annual revenues of more than 20 million yuan from their main operations.

REUTERS

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