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China's major industries see profit surge in October 2023

Consumer goods manufacturers contributed to this positive trend, with a stable *.* per cent profit increase compared to the previous year, continuing their growth for the third month in a row. However, the most significant boost came from the raw material production sector, which saw a remarkable **.* per cent surge in profits.

Despite these recent gains, the overall picture for **** remains mixed. In the first ten months of the year, these major industrial firms reported a *.* per cent decline in profits. However, this represents a narrowing of losses, improving by *.* percentage points from the January to September period. Notably, over ** per cent of the ** industrial categories monitored by the bureau exhibited improved profitability, indicating a broader recovery across various sectors.