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The benefits of the Chinese industry rise by 23.3% until October

The profits of the main Chinese industrial companies reached 6.25 trillion yuan (0.94 trillion dollars or 0.79 trillion euros) up to October, 23.3% more than in the same period of the previous year, as announced today by the National Statistics Office (ONE).

Beijing, Nov 27 (EFE) .- The profits of the main Chinese industrial companies reached 6.25 trillion yuan (0.94 trillion dollars or 0.79 trillion euros) until October, a 23.3% more than in the same period of the previous year, as announced by the National Statistics Office (ONE).

This growth of 23.3% exceeds the 22.8% that companies industrials accumulated until September.

Of the 41 companies surveyed, all with annual revenues of more than 20 million yuan (3 million dollars or 2.54 million euros), 38 reported an increase in their profits in the first ten months of the year.

By sector, high-tech manufacturing companies were among those that had a faster growth according to the ONE.

The companies in the sectors of mining and washing of coal, casting and rolling of iron, materials and chemical products and exploitation of natural gas and oil they accounted for 51.2% of the total profit increase.

"Industrial profits grew at a relatively high rate and many improvements were made in terms of efficiency and profitability, "said He Ping, ONE statesman, in statements collected by the official Xinhua news agency.

According to this expert, the leverage of Chinese industrial companies went down in this period.

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