• Add to Favorites
  • Subscribe
  • Friend us on Facebook
  • Follow Caijing on Twitter

China Industrial Profit Growth Further Declines in December: NBS

01-28 11:11 Caijing
Total profits of China's industrial companies rose 6 percent year-on-year in December, compared with a growth of 9.7 percent a month ago and 17.3 percent a year earlier.

China's industrial company profit growth declined further last December, according to the National Bureau of Statistics (NBS).

Total profits of China's industrial companies rose 6 percent year-on-year to CNY942.53 in December, compared with a growth of 9.7 percent a month ago and 17.3 percent a year earlier.

For the full year of 2013, industrial profit rose 12.2 percent year-on-year to CNY 6.28 trillion, compared with a growth of 5.3 percent in the previous year.

The country’s state-owned/state-controlled enterprises posted a profit growth of 6.4 percent in the January-December period, down from 8.4 percent in the first eleven months while profit rose 11 percent in private companies, compared with 16.3 percent in the first eleven months.

The NBS data only covers companies with annual sales revenues of more than CNY 20 millions.

Editors’ Picks »