Home / Business / Macro

China industrial profit grows 8.5% in 2016

Xinhua | Updated: 2017-01-26 10:54

China industrial profit grows 8.5% in 2016

A worker assembles a robotic arm at a factory in Foshan, Guangdong province. [Provided to China Daily]

BEIJING - China's major industrial firms ended their days of profit losses and reaped good returns in 2016 on the back of a construction boom, the National Bureau of Statistics (NBS) said Thursday.

Those companies reported an 8.5 percent profit increase in 2016, reversing a 2.3 percent decline registered in 2015, the NBS said in a statement.

NBS statistician He Ping said industrial firms showed remarkable improvement in performance, featuring a rise of 5.97 percent in their profitability.

In December, their profits grew 2.3 percent year on year, slowing down by 12.2 percentage points from the November figure.

 

Most Viewed in 24 Hours