BEIJING: Profits at China’s industrial firms rose at a faster pace in September despite surging prices and supply bottlenecks, thanks mainly to stellar growth in mining and raw materials industries although some businesses struggled to shake off the high costs.
Profits jumped 16.3% year-on-year to 738.74 billion yuan (US$115bil or RM480bil), the statistics bureau said yesterday, quickening from the 10.1% gain reported in August.
