Profits of China's major industrial enterprises in the first three quarters fell by 1.7%

Almaty. October 27. Silkroadnews - In January-September 2015 China's leading industrial enterprises realized profits of $4 trillion 303. 24 billion yuan, which is 1.7% less than in the same period last year, reported the agency Xinhua.
According to the State Statistical Bureau (SSB) of China, in September profits of leading industrial enterprises, whose annual revenues from its core business exceeded 20 million yuan, reached 535.78 billion yuan, down by 0.1% compared with the same month last year, while In August, the figure decreased by 8.8%.
The main reasons was a slowdown in financial expenses, a significant reduction of the tax on economic activities and acceleration of the rate of decline in purchase prices of raw materials, has analyzed a representative of SSB.
It should be noted that in January-September revenues of leading industrial enterprises from the core business increased by 1.2% year on year to 79 trillion 708.86 billion yuan. In September, the figure for the first time in many years, showed a decline of 0.5%, indicating the further complication of production and business activities of Chinese enterprises.
$ 1 = 6.35 in June