Total profits reached US$738b.
China's industrial profits grew 21.6% to US$738b (CNY4.9t) for the first eight months of 2017.
According to the National Bureau of Statistics of China, the growth rate increased by 0.4 ppt from the first seven months.
State-owned industrial businesses gained 46.3% to US$164.9b (CNY1.1t), whilst collective-owned enterprises gained US$4.4t (CNY29.4b), up by 4.6%.
Profits of joint-stock enterprises also grew by 23.3%, foreign-funded businesses by 18%, and private enterprises by 14%.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!