China says Jan-Oct industrial profits up 16.3 pct

Newswire

BEIJING, Nov 26 (Reuters) - China's industrial firms made profits of 437.4 billion yuan ($52.84 billion) in the first 10 months of 2002, up 16.3 percent from a year earlier, the State Statistical Bureau said on Tuesday. The growth was faster than the 13.6 percent rise in the first nine months of this year, boosted by strong earnings from producers of transport equipment, coal and chemicals, the bureau said in a statement. Profits of makers of transport equipment, including cars, soared ...

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