Industrial Production News
- Jan.-Oct. industrial profit up 30.1%
Date: 23-Nov-2006 Sources: (Shenzhen Daily)
PROFIT at China's industrial firms rose 30.1% in the January-October period from a year earlier to 1.470 trillion yuan, the National Bureau of Statistics said yesterday.
Industrial profit growth has been steadily accelerating this year. The latest industrial profit growth rate is faster than the 29.6% pace for January- September. Profit in the State sector totaled 645.5 billion yuan in the first 10 months of this year, up 22% from the same period last year, the bureau said in a statement.
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