Chinese Industry Profits Rise 17.6% in Seven Months
Profits of major industrial companies in China increased by 17.6% during the first seven months of the year, reaching a total of 4.58 trillion yuan (680 billion dollars). The electronics sector led the growth with a rise of 110%, and mining company profits increased by 34.9%, as production remained stable and new growth drivers expanded. The growth in the industrial sector's profits was associated with a 6.5% increase in revenue, reaching 80.92 trillion yuan, while operating expenses rose by 5.9%.
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