• WEEKLY: macro-economic review and near-term outlook Jan 30, 2018

  The profits of China's major industrial enterprises totaled Yuan 7.52 trillion ($1.2 trillion) in 2017, and the year-on-year increase at 21% was far higher than 2016's 8.5%, or the highest since 2012, thanks to China's continuing efforts in removing the excess capacities from the sectors such as coal, steel, and aluminum, as well as in lowering production costs, according to the latest release from China's National Bureau of Statistics (NBS) on January 26.