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REPEAT: China Industrial Profit Growth Slows in July: NBS 

Repeats Story Initially Transmitted at 01:46 GMT Aug 27/21:46 EST Aug 26
     BEIJING (MNI) - The combined profits of Chinese industrial companies rose
16.5% y/y in July to CNY612.67 billion, the National Bureau of Statistics
reported Sunday. 
     The growth rate slowed from the increase of 19.1% posted in June, according
to NBS data.
     For the first seven months of this year, total profits rose 21.2% y/y to
CNY4.248 trillion. That growth rate was 0.8 percentage point lower than the
22.0% gain in the first half this year.
     Here with major breakdowns for industrial profits by sector in the first
seven months:
     --State-owned enterprise profits rose 44.2% y/y to CNY9.274 trillion,
compared with 45.8% growth in the first half of the year. 
     --Share-issuing enterprise profits rose 22.9% y/y to CNY2.991 trillion,
compared with 23.6% increase in the first half of the year. 
     --Mining industry profits rose 7.9 times to CNY2.796 trillion, compared
with a growth of 13.4 times in the first half of the year. 
     --Manufacturing industry profits rose 18.1% y/y to CNY3.741 trillion,
compared with a growth of 18.5% in the first half of the year. 
     --Power production industry profits decreased 25.3% y/y to CNY2.273
trillion, compared with a drop of 28.2% in the first half of the year. 
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
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