China August industrial profits rise 19.5 percent year-on-year

China August industrial profits rise 19.5 percent year-on-year
 

Profits earned by China's industrial firms in August rose 19.5 percent from a year earlier, the statistics bureau said on Tuesday.
Profits in August rose to 534.8 billion yuan (61.77 billion pounds), the National Bureau of Statistics (NBS) said on its website.
Industrial profits rose 8.4 percent in the first eight months from the same period a year earlier, compared with a 6.9 percent rise in the first seven months of this year.
Chinese industrial firms' liabilities at the end of August were 4.6 percent higher than at the same point last year.
The data covers large enterprises with annual... read more

 
27 September 2016 in Business, Views: 50
Source: Reuters
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