|Follow us on:|
Major Chinese industrial firms posted combined profits of 11.6 per cent year on year in July, up from the 6.3 per cent rate in June.
The profits of industrial companies with annual revenues of more than 20 million yuan ($3.24 million) hit 419.55 billion yuan in July, added the NBS in a statement.
Profits from industrial companies also rose 11.1 per cent to three trillion yuan in the first seven months of 2013.
Tuesday’s data comes after a string of other positive economic indicators, from factory output and retail sales to foreign trade.