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Financial News: China's Industrial Profits Increase At Slower Pace

China's Industrial Profits Increase At Slower Pace

09/27/2018 - 01:43:00 (RTTNews)

(RTTNews) - China's industrial profits increased at a slower pace in August, the National Bureau of Statistics reported Thursday.

Industrial profits climbed 9.2 percent year-on-year in August, which was much weaker than the 16.2 percent increase seen in July.

During the first eight months of year, industrial profits rose 16.2 percent compared to 17.1 percent growth logged during January to July period.

Among sectors, mining industry registered the biggest surge of 53.2 percent. Profits of manufacturing companies advanced 13.5 percent. Profits of electricity and other utility sectors also gained 13.5 percent.

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