The combined profit of major industrial enterprises went down 3.5 percent year on year in the January-September period, the National Bureau of Statistics (NBS) said in a statement on Sunday.
The NBS data showed that the combined profit of industrial firms with an annual main business revenue of at least 20 million yuan (about 2.8 million U.S. dollars), or industrial enterprises above the designated size, totaled about 5.228 trillion yuan in the period.
Industrial enterprises above the designated size achieved a business revenue of 99.2 trillion yuan (about 14 trillion U.S. dollars) during the same period, a year-on-year increase of 2.1 percent, the data showed.
Among them, the profit of the high-tech manufacturing sector increased by 6.3 percent year on year, and the profit of the consumer goods manufacturing sector increased by 2.4 percent year on year, demonstrating the resilience of new industrial drivers.
China's industrial profit down 3.5 pct in first three quarters
As the winter and spring aviation season starts on Sunday, domestic and international airlines will increase overseas flights to 79 foreign countries, with a further rise in the number of flights on North American routes.
From a regional perspective, passenger air routes to Latin America and Africa are set to expand further, while traditional air transport markets in regions such as Central Asia, Southeast Asia, Japan, South Korea, and Europe are steadily increasing, alongside an increase in flights on North American routes.
In addition, the air cargo market is steadily growing, particularly with substantial increases in cargo flights to countries such as the United Arab Emirates (UAE), Germany, Britain, Belgium, the United States, and Canada.
Meanwhile, numerous domestic and international airlines will increase their flight frequencies on passenger routes to meet the market demands.
Among international airlines, United Airlines plans to increase flights from four per week to seven per week on the route from Los Angeles to Shanghai's Pudong New Area, while Air Serbia is expected to launch a new route with two weekly flights from Belgrade to Shanghai's Pudong.
Among domestic airlines, Air China plans to launch flights on various routes, including from Urumqi, capital city of northwest China's Xinjiang Uygur Autonomous Region, to Georgia's Tbilisi; from Beijing to Kazakhstan's Alma-Ata, Uzbekistan's Tashkent, and Egypt's Cairo; and from Chengdu, capital city of southwest China's Sichuan Province, to Alma-Ata and Belgium's Brussels. China Eastern Airlines plans to launch flights from Shanghai to Cairo.
"New airlines and routes have been gradually added since October this year. In December, China Southern Airlines will add routes from Beijing Daxing International Airport to Sydney and Melbourne in Australia, Starting from January 2025. Other international airlines will also gradually resume some international routes," said Pan Xiaofang, business manager of the aviation business department at Beijing Daxing International Airport.
The winter and spring aviation season starts on Oct. 27, 2024 and ends on March 29, 2025.
Domestic, int'l airlines to increase more overseas routes for winter-spring aviation season
