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Industrial sector: Profits rise, reverts downward trend

Reporter: Wang Xiumin 丨 CCTV.com

10-21-2016 00:41 BJT

Data from the first three quarters suggests a rebound in the industrial sector. According to the Ministry of Industry and Information Technology -- which held a press briefing on Thursday, 18 among 41 industry sectors in China had seen faster growth in the first nine months of this year.

In the first three quarters, industrial output grew 6 percent year on year. The brightest figure is industrial profits, which rose 8.4 percent year on year from January to August, reversing a downward trend since last year.

Experts say lower costs and active industrial upgrading have been the reason. Investments in industrial upgrade technologies rose 13 percent year on year. Here what official from the MIIT say about the latest data.

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