Net profit at Chinese industrial companies +17.3% Y/Y in December to 895.2B yuan ($143.91B) vs...

|By:, SA News Editor
Net profit at Chinese industrial companies +17.3% Y/Y in December to 895.2B yuan ($143.91B) vs +22.8% in November. 2012 profit +5.3% to 5.56T yuan. Of 41 sectors, 29 increased profits, 11 declined, oil refining and nuclear-fuel processing lost money. "This broadly confirms the picture we're getting from other data that industrial and economic growth is picking up again," says RBS's Louis Kuijs.