BEIJING: Industrial profits across China rose 28.7 percent in the first half from a year earlier to 2.4 trillion yuan (about US$373 billion), the National Bureau of Statistics said on Wednesday.
The growth marked an acceleration from an annual increase of 27.9 percent in the first five months.
The statistics agency noted that profit in the private sector rose 47.2 percent, versus an increase of 20.2 percent in the state sector.
Only one of the 39 industries, or the petroleum refinery, coking and nuclear fuel sector, suffered a profit fall of 66 percent in the period, the statistics agency said in a statement on its website, www.stats.gov.cn.
Profits in the chemical fibre industry leapt 57.1 percent from a year earlier, while ferrous metal mining companies posted a 61.7 percent jump in their earnings, it added. ' Reuters
The growth marked an acceleration from an annual increase of 27.9 percent in the first five months.
The statistics agency noted that profit in the private sector rose 47.2 percent, versus an increase of 20.2 percent in the state sector.
Only one of the 39 industries, or the petroleum refinery, coking and nuclear fuel sector, suffered a profit fall of 66 percent in the period, the statistics agency said in a statement on its website, www.stats.gov.cn.
Profits in the chemical fibre industry leapt 57.1 percent from a year earlier, while ferrous metal mining companies posted a 61.7 percent jump in their earnings, it added. ' Reuters
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