Monday, September 29, 2014
Weak Market Contributes to the Fall of Industrial Profit Growth Rate in August
ANBOUND
The data released by National Bureau of statistics on September 27th show that in the first 8 months of this year, the total profit of industrial enterprises above designated size reaches 3.83304 trillion yuan, growing 10% year on year. The growth rate is 1.7% lower compared with that from January to July. ANBOUND think tank scholars believe that besides higher comparable base, weak market is also an important factor that contributes to the obvious fall of industrial profit growth rate in August.