China's H1 industrial profits up 11.4 pct

Chinese industrial businesses saw their profits rise by 11.4 percent year on year in the first half of this year, official data showed on Sunday.

Total profits of industrial companies with annual business revenue of more than 20 million yuan (3.2 million US dollars) reached 2.86 trillion yuan, the National Bureau of Statistics said in a statement.

The profits growth was markedly up from the less than 10-percent increase recorded in the first five months.