China's industrial enterprises above the designated size reported steady profit growth in the first 11 months of the year, according to the latest data released by the National Bureau of Statistics (NBS) on Saturday.
From January to November, total profits reached 6.63 trillion yuan, up 0.1 percent on the same period last year. The cumulative growth rate has remained in positive territory for four consecutive months since August, indicating a gradual recovery in industrial performance.
Breaking down the data by sector, emerging and high-end industries continued to play a key role in supporting profit growth. Profits in the computer, communication and other electronic equipment manufacturing sector surged 15.0 percent year on year, reflecting strong demand and ongoing technological upgrading.
Yu Weining, a statistician at the NBS, said that while the overall profit growth rate eased slightly compared with earlier periods, the upward trend seen since August has been sustained.
He noted that industries driven by new growth momentum have continued to expand at a solid pace, pointing to orderly progress in China's industrial transformation and upgrading.
(Cover via VCG)
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