China National News

yesterday

Beijing, China, China

New growth drivers fuel China's industrial profit gains

BEIJING, July 27 (Xinhua) -- Fast-growing new growth drivers, including AI-related industries, are fueling sustained growth in China's industrial profits, as the country's shift toward innovation-driven development gathers momentum.Profits at China's major industrial enterprises rose 18.7 percent year on year in the first half (H1) of the year, accelerating from a 15.5-percent increase in the first quarter, the