Radical recovering of Ningbo's large industrial economy
- Details
- Category: Ningbo Business
- Published: Monday, 10 December 2012 10:19
According to Ningbo Municipal Economic Information Commission, for successively three months the economic returns of large industrial enterprises of Ningbo has been recovering radically and the recovery is faster than that of production.
Related statistics show that in October, the profits of large industrial enterprises amounted to 10.61 million yuan, 21.7% more than the same period in the previous year; the profit amounted to 5.71 billion yuan, increased by 46.2 % over the same period of last year; the net profit made in the month reached a new high, 77.4 points higher than the average increase rate in the first three quarters this year.
In October, the increase rates of profit of the light industry and heavy industry reached 22.5% and 57.7% respectively. Of the 35 industries, over 60% had their profit increase radically. 42.6 points of increased profit is contributed by 6 large industries of petrol processing, chemical material and production, electric equipment, automobile manufacturing, instrument and plastics.
