among similar products in
rst two months of the year, fresh evidence of a stabilizing economy.In January and February, indu▓strial enterprises reported a 31.5 percent profit increase year on year, to the value of 1.02 trillion yuan ($148.5 billion), according to a Na
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rket, said Zh▓ang, without disclo
tional Bureau of Statistic▓s (NBS) statement Monday.The growth outpaced that in December 2016 by 29.2 percentage po▓ints, and that in 2016 by 23 percentage points.China's major industrial firms ended their profit losses in 2015, reaping good returns in 2016 on the back of a construction boom.NBS statistician He Pin
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es volume or revenue."We have seen h
g attributed the recovery of industrial company profit in January and February to increased industrial production, raw material price increases and an uptick in profitability.The earnings recovery was uneven across sectors, with coal m▓ines, oil refineries an
More uge market p
otential ▓with more and more Chin
d chemicals witnessing increased profits, b▓oosted by soaring raw material prices, according to He.The profitability of the main business of industrial companies edged up 0.8 percentage points year on year to 5.92 percent in January and February.China's economy
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