8/16/2021, 4:03 AM (Source: TeleTrader)
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Industrial production in China rises 6.4% in July

China's industrial production advanced 6.4% in July on a yearly basis, landing below investors' projections, the country's National Bureau of Statistics announced on Monday.

The figure marks a 1.9% decrease month-on-month and rises compared to the same period of 2020 as well as that of 2019.

In the first seven months of this year, the profits made by industrial enterprises above the designated size totaled 4,218.3 billion yuan. The state-holding enterprises added 7.2% on a yearly basis, with the share-holding and private enterprises advancing 7.1% and 6.1% respectively, while the enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan increased by 3.8%.

Baha Breaking the News (BBN) / NL