China's major industrial enterprises registered an overall profit of 743.7 billion yuan (91.7 billion US dollars) in the first seven months of this year, up 20.6 percent year on year.

Data released Monday by the National Bureau of Statistics showed that the country's overall industrial efficiency composite index stood at 170.43 points in the first seven months, up 10.36 points over the same period of last year.

Profit of the state-owned, the state-hold companies and non-state-owned enterprises with an annual sales income exceeding 5 million yuan (616.500 million US dollars) saw an increase of 18.5 percent to 366.1 billion yuan (45.14 billion dollars) in January-July period, according to the statistics.

The mining industries, including industries exploiting coal, oil, ferrous metal, non-ferrous metal and nonmetal minerals, enjoyed profit growth by large margins, while the profits made by sectors of transport equipment manufacturing, building materials, and chemical fiber suffered a downslide.

In the January-July period, major industrial enterprises paid a total of 581.8 billion yuan in taxes, up 19.5 percent year on year.

Source: Xinhua