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China's machinery industry posts steady growth in first 10 months
Updated: December 14, 2020 06:57 Xinhua

BEIJING — China's machinery industry saw strong expansion in the first 10 months of this year, reporting year-on-year growth in revenue, profit and added value, official data showed.

The combined operating revenue of firms in the sector rose 2.7 percent year-on-year to 17.81 trillion yuan (about $2.72 trillion), according to the Ministry of Industry and Information Technology.

During the period, companies in the industry raked in 1.12 trillion yuan in total profits, up 8.8 percent year-on-year. The added value of the industry grew 4.8 percent year-on-year.

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