Industrial profits up 20.7 percent Jan.-Aug.

People's Daily today has learned from the National Bureau of Statistics that from January to August industrial enterprises above the scale (state-owned enterprises, non-SOEs with at least 5 million yuan of annual sales revenue) generated 864.3 billion yuan, 20.7 percent higher than the first eight months of last year.

The composite index of their economic benefits stood at 171.16, 10.57 points higher than in the same period of last year.

Loss-making enterprises above the scale bled red for 137.3 billion yuan, surging 53.1 percent year-on-year. By the end of August, the capital of refined products in those industrial enterprises above the scale had reached 1190.6 billion yuan, up 18.9 percent.

By People's Daily Online