NBS: China industrial firms' profits jump 16% YoY over Jan-Aug

Sizable Chinese industrial enterprises accrued Yuan 5.28 trillion ($786.3 billion) in profits during the first eight months of this year, jumping by a significant 15.7% from the corresponding period last year, according to the latest release from China's National Bureau of Statistics (NBS) on September 28.

Those sizable firms – defined as those whose main business revenue annually surpasses the threshold of Yuan 20 million – raked in Yuan 93.09 trillion over the first eight months, mounting by 6.6% on year, the NBS data showed. Over January-August, companies in 22 of the 41 industrial sectors surveyed