China's industrial firms scored 1.1327 trillion yuan (US$143
billion) of profits in the first eight months, up 29.1 percent from
a year earlier, according to the National Bureau of Statistics
(NBS).
Profits of state-owned enterprises rose 19.7 percent to 508.6
billion yuan, while collective and foreign-invested enterprises
scored 33.9 billion and 313.6 billion yuan respectively.
Profits of private enterprises hit 167.2 billion yuan, up 53.1
percent from a year earlier.
The booming growth was primarily driven by soaring profits in
sectors such as non-ferrous metals, oil and gas, and transport
equipment, according to NBS.
Non-ferrous metal firms saw their profits more than double from
the same period last year, profits of transport equipment makers
surged 53 percent, and profits of oil and gas producers jumped 40.2
percent.
(Xinhua News Agency September 23, 2006)
