BUSINESS China's industrial profits up 22.8 pct in first nine months

BUSINESS

China's industrial profits up 22.8 pct in first nine months

Xinhua

10:07, October 27, 2017

China's major industrial firms posted faster profit growth in the first three quarters of this year, the National Bureau of Statistics (NBS) said Friday.
The companies reported a 22.8 percent year-on-year profit increase in the nine-month period, up from 21.6 percent in the January-August period, the NBS said in a statement.
In September alone, profits of major industrial firms rose 27.7 percent year on year, much faster than the 24-percent growth in August, it said.

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