Industries see profits jump 24%

Officials: Result shows effectiveness of measures like overcapacity cuts

The profits of China's industrial firms registered the fastest growth in four years in August thanks to rising product prices and falling costs, the National Bureau of Statistics said on Wednesday. Analysts said the country's industrial profits may continue to grow at a stable pace as demand rises.

Profits jumped 24 percent in August year-on-year to 672 billion yuan ($101.3 billion), compared with 16.5 percent in July, the NBS said.