This undated file photo shows employees of Sany Heavy Industry Co at a workshop in Shenyang, Liaoning province. (ZHANG WENKUI / FOR CHINA DAILY)
BEIJING – China's machinery industry maintained robust growth in the first eight months of the year, registering double-digit expansion in revenue, profits and added value, official data showed.
The combined operating revenue of companies in the sector came in at 16.49 trillion yuan (about $2.55 trillion) from January to August, soaring 21.5 percent year on year, according to the Ministry of Industry and Information Technology.
During the period, the companies' total profits rose 16.4 percent from a year ago to 980 billion yuan, the ministry said.
In the Jan-Aug period, the added value of China's machinery industry climbed 16.2 percent year on year, 3.1 percentage points higher than the overall growth of China's industrial sector.
READ MORE: Machinery makers eye sustainable growth in 2021-25 period