Profit growth at major Chinese industrial companies accelerated sharply in October, rising 20.5 percent from one year earlier compared with September's 7.8-percent increase.
Profit growth at China's industrial firms is flat, but the situation may improve soon, Standard Chartered said in a research note on Tuesday.
Profits at China's major industrial companies rebounded after five consecutive months of falls with 7.8-percent year-on-year growth in September.
Major Chinese industrial firms posted a narrower decline in their profits in June, supporting expectations that industrial growth will stabilize.
Rebounding industrial profits in March send a positive signal but the overall shrinking margins in the first quarter mean there is little cause for optimism.
China's machinery industry expects to maintain steady growth this year, according to Cai Weici, vice president of the China Machinery Industry Federation.
China's industrial enterprises saw their profits increase 25.4 percent year-on-year to reach 5.45 trillion yuan ($863.68 billion) in 2011, the National Bureau of Statistics (NBS) said Friday.
China's industrial companies reported a 28.3 percent rise in profits in the first seven months from a year earlier.
Taxes and profits created by China's tobacco industry continue to surge in spite of the central government's inclusion of a public smoking ban in the 12th Five-Year Plan and tobacco control measures taken by some local authorities.
Profits for China's industrial businesses rose 28.7 percent year-on-year to 2.41 trillion yuan ($374 billion) in the first half of this year, the National Bureau of Statistics (NBS) announced Wednesday.
The profit of China's aviation industry in the first half of this year was 18.3 billion yuan ($2.83 billion), up 27.3 percent year-on-year, China Business News reported on Monday.
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