Global EditionASIA 中文双语Français
5de43d5da310fb3de82ea644
2019-12 /03

Profit growth improves as upgrade measures bear fruit

By OUYANG SHIJIA | CHINA DAILY | Updated: 2019-12-03 00:00

Profit recovery in the high-end sector and some key industries during the first 10 months of the year despite rising downside pressure is an indication that China's ongoing industrial transformation and upgrade efforts are gradually bearing fruit, experts said.

Profits of the high-tech manufacturing sector rose 7.5 percent year-on-year from January to October, 1.2 percentage points higher than in the first nine months, according to the National Bureau of Statistics.

Strategic emerging industries and the equipment manufacturing sector saw profits jump 5.3 percent and 2 percent, respectively, in the first 10 months, 0.7 percentage point and 1.1 percentage points higher than that in the first nine months, NBS data showed.

Report cites rights progress in Tibet

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US