China Financial Daily

Bureau of Statistics 1-July industrial profits down 17.3% decline year on year reduction in
August 28, the National Bureau of Statistics latest figures show 1-July, the country’s 22 regional industry to achieve profits of 1.1107 trillion yuan, down 17.3%, a decline of more than 1-6 months decreased 3.8 percentage points.

Among the 39 major categories of industrial sectors, 14 industry profit growth rebound in nine industries fell more than 1-6 months reduced, four-up of industry profit from falling. Among them, the rubber industry profits rose 34.3%, an increase of more than 1-6 months increased 19.8 percentage points; general equipment manufacturing industry increased 3.9%, an increase of 3.6 percentage points increase; oil exploration industry realized profits of 81.33 billion yuan, down 71.1%, a decline of the month compared with 1-6 narrow 5.0 percentage points; iron and steel industry realized profits of 29.8 billion, down 77.3%, a decline of 7.7 percentage points to narrow; non-ferrous industry realized profits of 17.84 billion yuan, down 63.9%, a decline of 2.9 percentage points to narrow; electronics industry realized profits of 27.65 billion yuan, down 43.5%, a decline of 5.9 percentage points to narrow; chemical fiber industry, fell by 4.6% from 1-6 to 1-7, rose 16.5%; transportation equipment manufacturing industry fell 1.1% to growth of 5.9%.