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Profits at China’s industrial enterprises above designated size totaled 5.27 trillion yuan in January-August, up 15.7% year over year on a comparable basis, the National Bureau of Statistics said on 29 September. August profits alone rose 4.2% annually.
Manufacturing profits increased 17.4% over the eight-month period and mining profits rose 35.1%; profits in electricity, heat, gas and water supply fell 12.0%. The bureau’s coverage is limited to industrial legal entities with annual main-business revenue of at least 20 million yuan.