BEIJING (dpa-AFX) - China's industrial profits declined at a slower pace in the January to July period, data from the National Bureau of Statistics showed on Wednesday.
Industrial profits decreased 1.7 percent on a yearly basis, slightly slower than the 1.8 percent fall in the January to June period.
In the month of July, industrial profits decreased at a slower pace of 1.5 percent from a year ago. Profits increased at a faster rate in the manufacturing sector, up 6.8 percent in July.
In the first seven months of the year, manufacturers reported robust growth in profits, while mining registered a sharp decline of around 32 percent.
NBS Statistician Yu Weining said policy measures to promote a reasonable rebound in prices were gradually implemented, driving corporate profitability to recover continuously.
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