NBS: China industrial firms' profits leap 18% YoY over Jan-July

Sizable Chinese industrial enterprises saw their profits total Yuan 4.58 trillion ($681.5 billion) during the first seven months of this year, jumping by a marked 17.6% from the same period of last year, according to the latest release from China's National Bureau of Statistics (NBS) on August 27. Their profits during July alone rose by 11.2% on year, the NBS release showed

Profitability among sizeable Chinese industrial firms – defined as those whose main business revenue annually surpasses the threshold of Yuan 20 million – has maintained robust momentum throughout this year thanks to steady growth in revenue, Yu Weining, the bureau's chief statistician, commented in another NBS release. This stemmed