In the first quarter of the current year, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 1.34215 trillion ($0.21 trillion), up 7.4 percent year on year, as announced by China's National Bureau of Statistics (NBS) on April 27.
In the first quarter of the current year, of the 41 industrial sectors in China, 31 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 7.34 billion ($1.13 billion) and RMB 15.26 billion ($ 2.35 billion), down 14.4 percent and 15.8 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 40.44 billion ($6.22 billion), RMB 144.75 billion ($22.27 billion) and RMB 18.73 billion ($2.88 billion), up 6.2 percent, 8.6 percent and 0.1 percent, year on year.