National Bureau of Statistics: From January to July, profits of industrial enterprises above designated size nationwide decreased by 1.7% year-on-year.

According to the Caijing APP, on August 27th, the National Bureau of Statistics issued a document stating that from January to July, the total profits of industrial enterprises above designated size in the country reached 4,023.5 billion yuan, a year-on-year decrease of 1.7% (calculated on a comparable basis). From January to July, among industrial enterprises above designated size, state-owned holding enterprises achieved a total profit of 1,282.34 billion yuan, a decrease of 7.5% year-on-year; shareholding enterprises achieved a total profit of 2,974.25 billion yuan, a decrease of 2.8%; foreign, Hong Kong, Macao, and Taiwan-invested enterprises achieved a total profit of 1,021.67 billion yuan, an increase of 1.8%; private enterprises achieved a total profit of 1,118.37 billion yuan, an increase of 1.8%.