China's Machinery Industry H1 Profits Sharply Up 45.6%-Bearing News

China's Machinery Industry H1 Profits Sharply Up 45.6% China's machinery industry reported profits for RMB127.8 billion in the first half of 2006, sharply up 45.6% year-on-year, according to the National Development and Reform Commission (NDRC). The big profit rise was attributed to the government's supporting policies, stronger market demands and exports. Total output of the machinery sector reached RMB2,549.8 billion in the first half of this year, up 28.9% year-on-year.

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