Beijing: Profits of China's major industrial firms surged 15.2 percent year-on-year in January and February, with emerging sectors such as equipment manufacturing and high-tech manufacturing driving growth. Official data released Friday by China's National Bureau of Statistics showed that industrial firms with annual revenues of at least 20 million yuan each recorded combined profits of 1.02 trillion yuan during the period.
According to Yemen News Agency, during January and February, various regions and sectors intensified the implementation of more proactive and effective macroeconomic policies, focusing on leveraging the combined effects of existing and new policies. As a result, the growth in profits of major industrial firms accelerated, and most industries saw a recovery in earnings.