Zhejiang Province, an economic engine on China's eastern coast, saw its industrial sector perform better in the first eight months this year, with a quicker growth in profits.

According to the provincial statistical bureau, major industrial enterprises in Zhejiang realized 333.7 billion yuan (41 billion US dollars) in value-added output and 135.2 billion yuan (17 billion US dollars) in sales in the Jan.-Aug. period, up 18.2 percent and 24.6 percent respectively over the year-earlier level. And the sale ratio against production averaged 97.6 percent for the eight-month period, up 0.3 percentage points year-on-year.

The enterprises garnered 108 billion yuan in gross profits upon sales income of 130.6 billion yuan in the first eight months, up 10.2 percent and 24.5 percent, respectively, over the same period of last year. Their net profits increased by 6.5 percent to 59.5 billion yuan, the statistical bureau said.

Source: Xinhua