Home / Top News

Industrial profits dip 4.9% in Oct

By Chen Jia | China Daily | Updated: 2015-11-28 08:14

China's industrial profits sharply declined by 4.6 percent year-on-year in October, widening the 0.1 percent drop in September, leading to a further delay in the economic rebound than expected and adding to the corporate debt default risk.

The sluggish data reported by the National Bureau of Statistics on Friday was mainly driven down by the energy-and commodity-intensive industries with problems of overcapacity, including oil, steel and coal.

But the high-tech manufacturing industry achieved 14.2 percent year-on-year profit growth. Profits in the equipment manufacturing industry increased by 8.6 percent, the NBS said.

Industrial profits dip 4.9% in Oct

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349