National Bureau of Statistics: The profits of industrial enterprises above designated size decreased 22.9% from in Jan-Feb

According to the data released by the National Bureau of Statistics, the profits of industrial enterprises above designated size totalled 887.21 billion yuan in January-February, down 22.9% from last year. Among large industrial enterprises, state-owned enterprises achieved a total profits of 344.91 billion yuan, a drop of 17.5% on the year; joint-stock enterprises achieved a total profits of around 671.9 billion yuan, a decrease of 19.4%; foreign, Hong Kong, Macao and Taiwan-invested enterprises achieved a total profit of 176.13 billion yuan, down 35.7%; private enterprises realised a total profit of 255.93 billion yuan, down 19.9%.