According to data released by the National Bureau of Statistics on September 27, from January to August, the total profit of industrial enterprises above designated size was 4,652.73 billion yuan, a year-on-year increase of 0.5%.
Yu Weining, a statistician from the Industrial Department of the National Bureau of Statistics, said that due to the lack of effective market demand and the impact of natural disasters such as high temperatures, heavy rains, and floods on some areas, coupled with the fact that the base of the same period in August was significantly higher than that in July, from January to August, the profit growth rate of industrial enterprises above the designated size has declined, but it still continues the growth trend since the beginning of the year.
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Source: Xinhuanet client