Reportedly, the Chinese industrial companies’ profits surged by 17.3% year on year to RMB 895.2 billion in December 2012, according to data released by the National Bureau of Statistics (NBS).

In 2012, the Chinese industrial companies posted profits of RMB5.56 trillion, up by 5.3% year on year.

In the fourth quarter of last year, China’s economy rose at 7.9%.