In the January-February period of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 780.71 billion ($119.92 billion), up 4.8 percent year on year, as announced by China's National Bureau of Statistics (NBS) on March 27.
In the January-February period of the current year, of the 41 industrial sectors in China, 28 witnessed year-on-year increases in gross profit. In the given period, the ferrous metals mining and dressing sector and the ferrous metal smelting and rolling sector recorded respective gross profits of RMB 4.18 billion ($0.64 billion) and RMB 2.40 billion ($0.37 billion), down 18.5 percent and 72.9 percent year on year, while the metal manufacturing sector, the automotive sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded respective gross profits of RMB 25.25 billion ($3.88 billion), RMB 83.50 billion ($12.83 billion) and RMB 10.96 billion ($1.68 billion), up 4.4 percent, 4.8 percent and 2.5 percent, year on year.