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The profit of industrial enterprises in China for the first quarter increased by 10 percent
The total profit of industrial enterprises in China with annual revenues over 20 million yuan (3,28 million dollars) increased in the first quarter of this year by 10,1% and amounted to 1,3 trillion yuan (207,8 billion dollars). This was reported by the State Statistical Office of China.
The profit of state-owned industrial enterprises and firms whose shareholder is the state amounted to 354,8 billion yuan (56,7 billion dollars), which is 2,9% higher than the figure for the same period of 2013 year. In turn, the profit of private enterprises grew in January-March by 14,2% and reached 420 billion yuan (67 billion dollars).
The State Statistical Office also reported that profits of enterprises with foreign capital funded from the Special Administrative Districts of Hong Kong (Hong Kong) and Macau (Macao), as well as Taiwan Islands, amounted to 301,1 billion yuan (48,1 billion dollars), which is 12,5% higher than in the same period 2013 of the year.
As a result of 2013, profits of China's industrial enterprises grew by 12,2% and reached 6,28 trillion yuan (about 1 trillion dollars).