In China, the profits of industrial companies increased by 3.6 percent in the first 7 months of this year compared to the same period last year.
According to data from the National Bureau of Statistics, the total profit of industrial enterprises with an annual turnover of more than 20 million yuan (approximately $2.81 million) reached 4,099 trillion yuan (approximately $580 billion) in January-July 2024.
Profitability increased by 4.1 percent in July compared to the same month last year.
Profitability growth in the first 7 months exceeded the 3.5 percent increase in the first 6 months.
In the period in question, the revenues of the companies owned by central and local governments increased and their profits decreased.
According to the Ministry of Finance of China, total revenues of public companies increased by 1.6 percent in January-July 2024 compared to the same period last year, reaching 47.29 trillion yuan (approximately $6.64 trillion).
bigpara.hurriyet.com.tr
