Industry Economy Kept Growing in First Eight MonthsFrom January to August this year, China's industry economy saw a steady growth, but in the whole process, increase range witnessed a little decrease. The composite index of industry economy was 118.7 from January to August, an increase of 5 percentage points over the same period of last year, and a slight higher than January-June's 118.6 and January-July's 118.5.Increase range in products sale income and products fund saw a little decrease. From January to August, industry realized products sale revenue of 5778.82 billion yuan, a rise of 13 percent over the same period of last year, 0.6 percent down as against January-July. At the end of August, enterprise products fund was at 720.92 billion yuan, up 7.7 percent over the same period of last year, 0.9 percent down than January-July. Enterprises' profit continued to rise, but increase range dropped. Industry enterprise achieved a profit of 286.1 billion yuan, up 15.8 percent over the same period of last year, 4.6 percent down as compared with January-July. State-owned enterprises achieved a profit of 155.55 billion yuan, an increase of 13.7 percent over the same period of last year. Ferrous metal smelting and rolling industry, transportation and equipment manufacturing, tobacco, electricity and machinery and equipment manufacturing realized a profit of 14.92 billion yuan, 6.14 billion yuan, 12.61 billion yuan and 15.02 billion yuan, respectively, an increase of 19.02 billion yuan over the same period of last year, accounting for 48.6 percent of total newly-increased profit. Enterprises losses margin have been reduced to nearly zero, From January to August, the total loss amount of loss-making enterprises was 83.69 billion yuan, 0.03 percent down as compared with the same period of last year, 3.4 percent lower than January-July. By PD Online staff member Li Yan |
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