NBS: China’s industrial firms’ profit fall narrows to 2.4%
Oct 29, 2020 13:30
Up to September, the profit of the sizeable industrial enterprises in China fell though the degree narrowed to 2.4% on year against the 4.4% on year for that over January-August, confirming that their performance had been improving continuously, according to detailed sharing by China’s National Bureau of Statistics (NBS) on October 27.
As for the third
quarter, their profit grew 15.9% on year, up from the 4.8% on-year increase for
the second quarter, and had further reclaimed the lost ground in the first
quarter when their profit fell 36.7% on year, according to the NBS statistics.
last quarter of 2020, China’s industrial enterprises will need