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NBS: China industrial firms' 2021 profits jump 34.3%

ABSTRACT

During 2021, the gross profits that sizable Chinese industrial firms earned surged by 34.3% on year to total Yuan 8.7 trillion ($1.3 trillion), according to new data from the country's National Bureau of Statistic (NBS) released on January 27.
The detailed breakdown by quarter revealed that the enterprises sampled by NBS made the most profits in last year's first quarter - higher by 137% from January-March, 2020 - and the least during fourth quarter, up just 12.3% compared with Q4 in 2020.   Industrial firms experienced significant profit growth and consistent

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