Con­struc­tion boom sparks in­dus­trial profits

China Daily (Canada) - - NEWS CAPSULE -

China’s ma­jor in­dus­trial firms ended their days of profit losses and reaped good re­turns in 2016 on the back of a con­struc­tion boom, the Na­tional Bureau of Sta­tis­tics (NBS) said.

Those com­pa­nies re­ported an 8.5 per­cent profit in­crease in 2016, re­vers­ing a 2.3 per­cent de­cline reg­is­tered in 2015, the NBS said in a state­ment.

NBS statis­ti­cian He Ping said in­dus­trial firms showed re­mark­able im­prove­ment in per­for­mance, fea­tur­ing a rise of 5.97 per­cent in their prof­itabil­ity.

In De­cem­ber, their profits grew 2.3 per­cent year on year, slow­ing down by 12.2 per­cent­age points from the Novem­ber fig­ure.

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