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7 December 2022, Wednesday, 05:38 367

China's industrial profits down 3% in first 10 months

Editor: Борзенко Тимофій
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Workers on the production line of new energy vehicles (NEVs) at a factory of Chinese automaker Chery Holding Group Co., Ltd. in Wuhu City, east China's Anhui Province. Photo by Xinhua/Zhou Mu.
Workers on the production line of new energy vehicles (NEVs) at a factory of Chinese automaker Chery Holding Group Co., Ltd. in Wuhu City, east China's Anhui Province. Photo by Xinhua/Zhou Mu.
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Profits of China's major industrial firms declined 3% year on year in the first 10 months of the year, data from the National Bureau of Statistics (NBS) showed. This was reported by The Xinhua News Agency.

Industrial firms with annual main business revenue of at least ¥20 mln (about $2.8 mln) each saw their combined profits reach about ¥6.98 trln in the period, the NBS said.

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