Xinhua, Beijing :
China’s non-ferrous metal industry reported an aggregate profit of 123.45 billion yuan (17.81 billion U.S. dollars) from January to September, down 9.6 percent year on year, official data showed.
Although the sector’s main operation income, measured by industrial enterprises that each post an annual income of more than 20 million yuan, surged by 8.8 percent to more than 4 trillion yuan, higher production costs have resulted in a decline in profits, according to the Ministry of Industry and Information Technology.
China’s non-ferrous metal industry reported an aggregate profit of 123.45 billion yuan (17.81 billion U.S. dollars) from January to September, down 9.6 percent year on year, official data showed.
Although the sector’s main operation income, measured by industrial enterprises that each post an annual income of more than 20 million yuan, surged by 8.8 percent to more than 4 trillion yuan, higher production costs have resulted in a decline in profits, according to the Ministry of Industry and Information Technology.
