/ world today news/ During the first three quarters of the year, the profits of large industrial enterprises in China increased by 7.7% on an annual basis, according to data from the State Statistics Office. This is the first increase after five consecutive quarters of decline. Of these, the growth in September reached 11.9%, which means that for the last two months the growth was over 10%.
From July to September, the mining industry’s profit decline shrank 11.6% from the second quarter, and manufacturing profits rose 11.8% from the previous quarter. Companies for the production and supply of electricity and heat, gas and water recorded a large increase in profits and their growth reached 10.6% compared to the data for April-June.
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