CCCME News
Auto production as China's most profitable sector
Auto manufacturing is not the largest industrial sector in the Chinese economy but it generated far more profit than any other industry in China, according to the National Bureau of Statistics.
The auto industry was the fourth-largest industrial sector in China by revenue in the first half of this year, trailing the iron and steel, chemicals and communications equipment sectors.
But it topped all 41 industrial sectors in China in profit generation, with earnings of 233 billion yuan ($38 billion).
Auto industry profits accounted for 9 percent of the total income realized by all industrial sectors in China during the period.
It was significantly above the profit of 203 billion yuan achieved by the oil and natural gas extraction sector, the second most profitable industrial sector in the Chinese economy.
RECENT NEWS
-
Executives of Standard Bank Head Office Pays a Visit to CCCME
2025-03-25 -
CCCME President Zhang Yujing Attends the “Investment Promotion Conference of Hung Yen Province, Vietnam”
2025-03-24 -
CCCME Vice President Liu Chun Meets with the U.K. South Yorkshire Mayor Oliver Coppard
2025-03-24 -
China-France Business Council Exchange & Visit in Chongqing Successfully Held
2025-03-21 -
2025 Wuxi Electric Vehicle High-Quality Overseas Exploration Cooperation Signing Ceremony and Global Launch Ceremony of New Electric Vehicle Models Successfully Held
2025-03-20