Five trends of China's economy in August
( chinadaily.com.cn )
5. Rise in profits
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An employee counts yuan banknotes. [Photo/VCG] |
Profits of industrial enterprises above a designated size continue to increase. In the January-July period, total profits made by industrial enterprises above a designated size was up by 21.2 percent year-on-year, 14.3 percentage points higher than the same period last year.
Operating profits of the service industry continued to grow rapidly. In the first seven months, profits made by the service industry have increased 22.6 percent year-on-year, 6.6 percentage points faster than the first half of year.
Fiscal revenue kept relatively fast growth. In the January-August period, revenue in the general public budgets increased 9.8 percent year-on-year, accelerating faster than the first six months of this year.
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