China industrial profits surge 21% in 2017

Xinhua | Updated: 2018-01-26 10:09

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A worker tests new wheel products at a steel plant in Ma'anshan, Anhui province. [Photo by Zhang Mingwei/For China Daily]

BEIJING - Profits of China's major industrial firms increased 21 percent year-on-year in 2017, the fastest pace since 2012, the National Bureau of Statistics (NBS) said Friday.

The reading was 12.5 percentage points faster than the growth rate registered in 2016, the NBS said in a statement.

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