NBS: China industrial firms' profits surge 15.5% YoY over Jan-Sept

Sizable Chinese industrial enterprises earned Yuan 6.03 trillion ($904.8 billion) during the first three quarters of this year, logging a significant 15.5% on-year jump from the same period last year, according to the latest release from China's National Bureau of Statistics (NBS) on October 27.

'Sizable industrial firms' refers to industrial companies whose main business revenue annually surpasses the threshold of Yuan 20 million, Mysteel Global notes. The strong profit growth was underpinned by higher operating revenue and lower costs, Yu Weining, the bureau's chief statistician, commented in another NBS release. Over January-September, sizable industrial companies