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buy apple account:Chinau0027s industrial profits rise 28.2% y/y in October

admin2020-12-3021

BEIJING, Nov 27 - Profits at Chinese industrialfirms rose 28.2% year-on-year in October to 642.91 billion yuan($97.79 billion), official data showed on Friday, pointing to asteady recovery in the manufacturing sector after it was hardhit by the COVID-19 pandemic. Profits rose for a sixth straight month in October, afterincreasing by 10.1% year-on-year in September, the data from theNational Bureau of Statistics (NBS) showed. For the January-October period, industrial firms' profitsrose 0.7% on an annual basis, after falling 2.4% in the firstnine months of 2020 compared with the same period last year. Liabilities at industrial firms rose 6.8% on-year atend-October, versus a 6.6% growth as of end-September. China's industrial sector has seen an impressive recoveryfrom the coronavirus shock earlier this year, helped byresilient demand for the country's exports. Premier Li Keqiangsaid on Tuesday he expects Chinese economic activity to returnto a reasonable range next year. REUTERS
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