China's industrial profits fall 1.1% in first 7 months
2022-08-28 09:55:34 source：CGTN
August 27, 2022
Profits of China's major industrial enterprises fell by 1.1 percent year on year in the January-July period, according to official data released on Saturday.
In the first seven months of 2022, the combined profits of industrial enterprises with an annual revenue of at least 20 million yuan ($2.92 million) reached 4.89 trillion yuan, the National Bureau of Statistics (NBS) said.
The fall in profits reversed the 1-percent gain in the first six months.
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