China’s industrial enterprises saw steady recovery in 2023 and their combined revenues increased for a fifth straight month, official data showed.
Last year, revenues of major industrial firms with annual main business revenue of at least 20 million Yuan (about 2.82 million U.S. Dollars) went up 1.1 percent year on year, according to the National Bureau of Statistics (NBS).
In the fourth quarter of 2023, the revenues of these enterprises rose 3.2 percent year on year, while the growth rate was 2.9 percentage points faster than in the previous quarter.
The operation of industrial enterprises maintained an expansion trend and showed strong resilience.—APP
