Hey there, amigos! 🌟 Guess what's making waves in the Chinese mainland's industrial scene? Despite facing some bumps in the road, major industrial enterprises racked up over ¥5.23 trillion ($735.41 billion) in profits during the first three quarters of this year! 🚀
Sure, that's a slight dip of 3.5% compared to last year, but here's the scoop: the drop was mainly due to lower demand, falling prices of industrial goodies, and some tough comparisons with last year's figures, according to Yu Weining, a wiz from the National Bureau of Statistics (NBS). 📉
But hold on! The high-tech manufacturing sector is totally slaying it! 🦾 Profits in this dynamic industry soared by 6.3% year-on-year, outpacing the average by a cool 9.8 percentage points. Talk about leveling up! 🚀
Even though the overall industrial profit growth took a bit of a hit, the new industrial dynamics are showing some serious resilience. Yu believes that with brighter expectations and a boost in confidence, profit growth is set to bounce back. Fingers crossed! 🤞✨
Reference(s):
Profits of industrial enterprises exceed 5 trillion yuan in Jan – Sept
cgtn.com
