Profit of large industrial enterprises in China fell by 4.3% in 10 months

11:34 - 27.11.2024


November 27, Fineko/abc.az. The total profit of large industrial companies in China for Jan-Oct 2024 dropped by 4.3% versus Jan-Oct 2023 - to 5.868 trillion yuans ($809 billion), ABC.AZ reports, referring to the State Statistical Office.

Industrial enterprises with annual revenues of over 20 million yuans belong to the large SSO.

For comparison, for Jan-Sept 2024, a 3.5% decline in profits was recorded.

In October, the total profit of large industrial enterprises in China decreased by 10% against October 2023. In September, the indicator fell by 27.1%.

Profits of state-owned companies observed decline by 8.2% in 10 months and private companies - by 1.3%.