BEIJING -- The combined profit of major industrial enterprises in China exceeded 5.86 trillion yuan (about $814 billion) in the January-October period this year, down 4.3 percent year-on-year, the National Bureau of Statistics (NBS) said on Wednesday.In October alone, profits decreased by 10 percent compared to a year earlier, significantly narrowing from a 27.1 percent drop in the previous month.More than 60 percent of industrial sectors saw improved profitability in October compared to the previous month, according to the NBS. Among the 41 industrial categories monitored by the bureau, 27 reported faster profit growth, narrower profit declines, or a turnaround from losses to gains in October.High-tech manufacturing served as an important contributor to this positive trend, with profits growing 12.9 percent year-on-year. Profits in wearable smart device manufacturing and lithium-ion battery production surged 73.3 percent and 39.4 percent, respectively.Equipment manufacturing bounced back to profit growth in October, with the sector posting a 4.5 percent year-on-year increase in profits, according to the NBS. (ICE PECHINO)

Fonte notizia: Xinhua