In the first 11 months of 2021, profits of China's leading industrial enterprises continued to skyrocket, according to data from the State Statistical Office of the People's Republic of China released on Monday.
According to the data, from January to November of this year, the total profit of industrial enterprises, the annual income of each of which is at least 20 million yuan (about $ 3.14 million), rose 38% year on year to 7 , 98 trillion yuan.
In the first 11 months of this year, the operating income of the leading industrial enterprises amounted to 114.31 trillion yuan, an increase of 20.3%. 33 out of 41 industrial sectors saw an increase in profits on an annualized basis.
In particular, in November this year, the profit of the above enterprises reached 805.96 billion yuan, which is 9% more than in November 2020, the department said.