In­dus­trial prof­its up by 13.5 per­cent to $78.5b

China Daily (Canada) - - BUSINESS -

In­dus­trial prof­its in China grew by 13.5 per­cent from a year ear­lier in July to 482.3 bil­lion yuan ($78.51 bil­lion), 4.4 per­cent­age points be­low that of June but the sec­ond­high­est rate so far this year. Ag­gre­gate in­dus­trial profit through July grew 11.2 per­cent, 0.4 per­cent­age point higher than the ag­gre­gate through June, the Na­tional Bureau of Statis­tics said on Thurs­day. Steady profit growth in July was at­trib­uted to mea­sures rolled out by the cen­tral gov­ern­ment to pro­mote growth and tame ris­ing costs.

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