
China's combined industrial profits rose 9.8% year on year in October, up from 7.7% registered in September, official data showed Sunday.
The acceleration was attributed to faster growth of sales revenue, rising producer prices and the strong profit growth in chemical, coal and general equipment sectors, the National Bureau of Statistics (NBS) said in a statement.
The main business revenue of companies with annual revenue of more than 20 million yuan about (2.89 million US dollars) rose 5.4% last month, up 1.5 percentage points from September, according to China's (Xinhua) News Agency.
China's producer price index (PPI), which measures costs for goods at the factory gate, continued its growth by rising 1.2% year on year in October, up from a rise of 0.1% in September.
In the first 10 months, total industrial profits expanded 8.6% year on year, faster than the 8.4% rise for the first three quarters, the NBS said.
GMT 11:59 2017 Sunday ,31 December
China temporarily waives taxes to get foreign firms to stayGMT 09:13 2017 Wednesday ,27 December
Israel to halt trade in cryptocurrency-based firmsGMT 10:43 2017 Thursday ,21 December
American Ambassador David Hale meets trade leadersGMT 10:41 2017 Thursday ,21 December
China Pakistan Economic Corridor speedily turning into reality: Ahsan IqbalGMT 10:40 2017 Thursday ,21 December
Eni and Shell to stand trial in Italy over Nigeria kickback scandalGMT 11:48 2017 Tuesday ,19 December
Japan raids firms over alleged maglev bid-riggingGMT 05:36 2017 Monday ,18 December
UBS boss says bitcoins 'not money', urges regulators to actGMT 06:29 2017 Sunday ,17 December
Britain, China speed up bid to link stock markets


Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©