Home / News / Asia / Profit growth for Chinese machine builders in January - October 2020 amounted to about 9%

Profit growth for Chinese machine builders in January - October 2020 amounted to about 9%

Asia / Engineering

In the first ten months of this year, the Chinese machinery industry has maintained strong growth.

Profit growth for Chinese machine builders in January - October 2020 amounted to about 9%

China's mechanical engineering sector has shown dynamic expansion in the first ten months of this year, which has recorded growth in terms of revenue, profit and added value compared to the same period last year, according to official data.

According to the Ministry of Industry and Informatization of the People's Republic of China, the combined operating revenues of companies engaged in this industry grew by 2.7 percent year on year to 17.81 trillion yuan (approximately $ 2.72 trillion).

During the specified time period, the total profit of these companies amounted to 1.12 trillion yuan, up 8.8 percent. The industry's value added grew 4.8 percent year over year.

МЕТАЛЛУРГПРОМ
Add a comment
Сomments (0)
To comment
Войти с ВК Войти с ФБ Войти с Яндекс
Sign in with:
Войти с ВК Войти с ФБ Войти с Яндекс