BEIJING (Sputnik) — In July, the total profit amounted to 523 billion. July's year-on-year increase reached 11 percent.the statistical bureau.
Between January and August, profit figures grew by 8.4 percent year-on-year, totaling 4.058 trillion yuan.
In the same period, mining enterprises saw their profits fall over 70 percent, while manufacturing sector profits rose over 14 percent. Overall, 33 enterprises enjoyed rising profits and 10 suffered falling profits.
China defines large enterprises as those with a yearly revenue of over 20 million yuan.