I don’t usually bother with this indicator but it’s worth reporting today:
1 – 10 months, the national scale industrial enterprises realized a total profit of 50151.0 billion yuan, down year on year by 2.9% (on a comparable basis, considering the caliber adjustments under the statistical system, enhancing law enforcement statistics, eliminate duplicate data, enterprise reform stripped four by S & P inventory and other factors affecting the unit, see Note IV), a decline of more than 1 – 9 expanded the month 0.8 percentage points.
1 – 10 months, above-scale industrial enterprises, state-owned holding enterprises realized a total profit of 14715.5 billion, fell 12.1% ; joint-stock enterprises realized a total profit of 36623.3 billion yuan, down 2.4% ; foreign and Hong Kong, Macao and Taiwan-invested enterprises realized a total profit of 12,585.0 Billion yuan, a decrease of 4.0% ; total profits of private enterprises reached 13,915.0 billion yuan, an increase of 5.3% .
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
