Profit growth of China’s major industrial enterprises slowed to 9 percent in November, down 15.6 percentage points from October, amid lingering cost pressure on firms and COVID-19 flare-ups.
China's major industrial companies saw a steady increase in profits in the first seven months of this year amid a stable recovery in market demand and improving business performance, official data showed Friday.
China's major industrial companies saw a steady increase in profits in the first seven months of this year amid a stable recovery in market demand and improving business performance, official data showed Friday.
2021-01-25 02:48:53 GMT2021-01-25 10:48:53(Beijing Time) Xinhua English
A worker checks a product at a workshop in the Tangshan Hi-tech Industrial Development Zone in Tangshan, north China's Hebei Province, July 17, 2020. (Xinhua/Mu Yu)
China s high-tech industry registered fast expansion in 2020, with sales revenue up 14.7 percent year on year, according to the State Taxation Administration.
The industry s growth rate was 8.7 percentage points higher than the national average, according to Cai Zili, an official with the administration.
In breakdown, the high-tech service industry saw its growth rate exceed 20 percent year on year for nine consecutive months last year. High-tech services such as the internet, big data and artificial intelligence have further integrated with the manufacturing industry, Cai said.