China's industrial profits down 4 pct in 2022-Xinhua

China's industrial profits down 4 pct in 2022

Source: Xinhua

Editor: huaxia

2023-01-31 09:54:45

BEIJING, Jan. 31 (Xinhua) -- Profits of China's major industrial firms declined 4 percent year on year in 2022, data from the National Bureau of Statistics (NBS) showed Tuesday.

Industrial firms with annual main business revenue of at least 20 million yuan (about 2.96 million U.S. dollars) saw their combined profits reach about 8.4 trillion yuan in the period, the NBS said.