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Industrial Efficiency Up in First Four Months of Year
The composite index for economic efficiency of China's industrial enterprises rose 2.1 points from the first quarter to 114.2 for the first four months of the year, official figures showed Thursday.
According to statistics released Thursday by the National Bureau of Statistics (NBS), the composite index of industrial efficiency was 8.5 points higher than in the same period of last year.
NBS figures show that sales of industrial enterprises totaled 2, 675.64 billion yuan (323.5 billion US dollars) in the first four months of the year, 15.9 percent more than in the same period of last year. The growth rate was 0.1 percentage points slower than in the first quarter of the year.
Net profits of industrial enterprises surged 35.1 percent year-on-year to 122.76 billion yuan during January-April, 10.9 percentage points slower than the growth for the first quarter.
Money-losing industrial enterprises reduced losses by 13.8 percent compared with a year earlier to 45.71 billion yuan during the first four months of the year, 1.2 percentage points more than the reduction of losses in the first quarter.
At the same time, state-owned industrial enterprises boosted net profits by 39.1 percent year-on-year to 66.59 billion yuan, while loss-making SOEs reduced losses by 21.3 percent to 28.15 billion yuan.
According to the NBS, the country's industrial enterprises paid a total of 169.16 billion yuan worth of taxes in the first four months of the year. By the end of April, the value of defaulted payments to products and services sold totaled 1,437.23 billion yuan, 7.4 percent more than a year earlier.
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