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Industrial Sector Reports Improved Economic Efficiency
China's industrial sector witnessed an improved economic efficiency in the first four months of this year, recording a comprehensive index of 101.8 points, the highest for the past several years.
According to a report from the National Bureau of Statistics, the figure was 15 points higher than the same period last year and 2.6 points higher than in the first quarter of this year.
In the period, sales from industrial firms enjoyed a rapid growth of 19.7 percent, reaching 2283.6 billion yuan. Profit rose 1.4 times to reach 84.7 billion yuan. Profits at state-owned firms increased by 3.5 times, hitting 44 billion yuan.
The tax revenue from these industrial firms has also increased. In the January-April period, these firms registered 144.9 billion yuan-worth taxes, up 13.8 percent.
As a result of improved operation, the losses made by those poorly-run firms are decreasing. Losses during the period were at 54 billion yuan, down 3.6 percent over the same period last year.
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