🌟 Despite facing challenges like insufficient market demand and extreme weather (think scorching heatwaves and severe floods 🌊🔥), the Chinese mainland's industrial firms are still rocking it! 🎸
From January to August, major industrial companies saw profits climb by 0.5% year-on-year, raking in a whopping 4.65 trillion yuan ($652.95 billion). 💰 Not too shabby, right?
Even after accounting for business costs, gross profits jumped 1.2% compared to the same period last year. 📈
Out of 41 major industrial sectors, a cool 29 reported profit growth — that's over 70% cruising ahead! 🚀
But here's the real MVP: high-tech manufacturing! 🏭💡 Profits in this sector skyrocketed by 10.9% year-on-year, outrunning the average for larger industrial enterprises by a stunning 10.4 percentage points. Talk about leading the pack! 🥇
Yu Weining, a statistician from the National Bureau of Statistics (NBS), noted that despite a high baseline in August and the overall economic hurdles, high-tech manufacturing is flexing its muscles 💪 and playing a robust role in driving high-quality development in the Chinese mainland's industrial economy.
Reference(s):
China's industrial profits rise with high-tech leading growth
cgtn.com
