China's industrial profits down 3 pct in first 10 months-Xinhua

China's industrial profits down 3 pct in first 10 months

Source: Xinhua

Editor: huaxia

2022-11-27 09:51:00

BEIJING, Nov. 27 (Xinhua) -- Profits of China's major industrial firms declined 3 percent year on year in the first 10 months of the year, data from the National Bureau of Statistics (NBS) showed Sunday.

Industrial firms with annual main business revenue of at least 20 million yuan (about 2.8 million U.S. dollars) each saw their combined profits reach about 6.98 trillion yuan in the period, the NBS said.