NBS: Corporate Costs Rose on High Commodity Prices and Chip Shortages

SHANGHAI, Sep 28 (SMM) - The profits of industrial enterprises above designated size continued to grow in August, despite the spread of the pandemic and floods, said Zhu Hong, a senior statistician from the Industry Department of the National Bureau of Statistics.

Noticeably, the intensified pandemic in some regions, the overall high prices of commodities and chip shortages have continued to push up corporate costs. And the continued recovery of profits at enterprises is facing many challenges.