In­dus­trial prof­its grow 19.5% in Au­gust

China Daily (USA) - - BUSINESS -

China’s in­dus­trial prof­its rose 19.5 per­cent year-on-year to 534.8 bil­lion yuan ($80.3 bil­lion) in Au­gust, of­fi­cial data showed on Tues­day. The growth rate was faster than the 11 per­cent in­crease reg­is­tered one month ear­lier, ac­cord­ing to the Na­tional Bureau of Sta­tis­tics. In the first eight months of the year, in­dus­trial prof­its ex­panded 8.4 per­cent year-on-year, com­pared with a 6.9 per­cent rise dur­ing the Jan­uary-July pe­riod.

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