Profits at China's industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan (70.48 billion pounds), the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year.
FILE PHOTO: An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020. China Daily via REUTERS
SHANGHAI - Profits at China’s industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan , the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year.For January-August, industrial firms’ profits fell 4.4% from a year earlier to 3.72 trillion yuan, better than the 8.1% decrease in the first seven months.
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