Industrial Profits Surge 18.7% in First Half of Year, Signaling Steady Growth and Emerging Momentum
Deep News
Jul 27
Data released by the National Bureau of Statistics on July 27 reveals that China's industrial production maintained steady progress during the first half of the year, with new growth drivers accelerating.
From January to June, the total profits of industrial enterprises above the designated size reached 3,947.99 billion yuan, marking an 18.7% year-on-year increase. This growth rate was 3.2 percentage points faster than the first quarter.
Operating revenues for these enterprises totaled 69.26 trillion yuan, a 6.5% increase year-on-year, which was 1.5 percentage points higher than the first quarter. In June alone, profits of industrial enterprises above the designated size grew by 15.1% year-on-year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.