NBS: China industrial firms' profits rise by 1.9% YoY in Jan-Oct

China's sizable industrial firms, whose annual main business revenue reaches at least Yuan 20 million ($2.8 million), posted a combined gross profit of Yuan 5.95 trillion over the first ten months of this year, up by 1.9% on year, according to the latest data released by the National Bureau of Statistics (NBS) on November 27.

Total business revenue of the sizable industrial companies also climbed by 1.8% to Yuan 113.37 trillion over January-October, the data showed. In October, however, the gross profit earned by these industrial firms shrank by 5.5% on year, slowing down the on-year growth rate of cumulative profits in the first ten