![]() ![]() The combined revenues of these firms sustained a quicker growth pace during the period, rising 8.4 percent year on year to 87.89 trillion yuan, NBS data showed. dollars) saw their combined profits reach 5.53 trillion yuan from January to August, down 2.1 percent year on year, the National Bureau of Statistics (NBS) said Tuesday. Industrial firms with annual main business revenue of at least 20 million yuan (about 2.83 million U.S. 27 (Xinhua) - Despite profit decline in the first eight months of 2022, China's industrial firms are on the right track to profit recovery with improved industry structure and government policy support. * China has rolled out a package of effective policies to sustain the momentum of economic recovery and restore growth, including increasing tax refunds and fee cuts, more financing support, and eliminating logistics obstacles.īEIJING, Sept. * Automobile manufacturing achieved profit growth of 102 percent year on year in August, the fastest growth in a year, boosted by policies to spur auto consumption. ![]() * Despite profit decline in the first eight months of 2022, China's industrial firms are on the right track to profit recovery with improved industry structure and government policy support. ![]()
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