China's chemical industry registers stable growth in first three quarters

BEIJING - Major enterprises in China's chemical industry logged stable expansion in terms of production and revenue in the January-September period, data from the National Bureau of Statistics showed.

Industrial added value of these firms rose 3.9 percent year-on-year in the period, and their main business revenue went up 8.2 percent year-on-year to 100.17 trillion yuan ($14.18 trillion), according to the bureau.

The data shows that the total profits of these companies topped 6.24 trillion yuan, edging down 2.3 percent from a year ago.

During the same period, main business revenue of firms in the subsector of petroleum, coal and fuel processing climbed 21.8 percent year-on-year, while that of those in the subsector of chemical raw material and product manufacturing increased by 15.2 percent.