Income of large industrial enterprises in China in January and February fell by 4.2%
Almaty. March 27. Silkroadnews - During the first two months of 2015 profits of large industrial enterprises in China amounted to 745.24 billion yuan ($121.5 billion), with a decrease of 4.2% compared to the same period last year, said the agency "Xinhua".
During the first two months of the public sector, industrial profit amounted to 134.24 billion yuan, with a decrease of 37%, the collective sector - 6.68 billion yuan, equivalent to last year's level, the private sector - 289.59 billion yuan, with an increase of 9.1%, enterprises involving foreign investments including HK, Macao and Taiwan investment - 184,27 billion yuan, up by 2.25%, joint stock companies - 473,95 billion yuan, a decrease of 7%.
An increase in profits was mentioned in 30 major industries in China among 41. In 10 branches profit declined. Profit in one branch remained the same compared to the last year.