According to the latest data from the National Bureau of Statistics, the total value added of the industrial enterprises above the designated size grew by 6.9% year on year in October, the same as that in September; or up by 0.78% month on month. In the first ten months, the total value added of the industrial enterprises above the designated size went by 1.8% year on year, 0.6 percentage points higher than in the first nine months. An analysis by types of ownership showed that, in October, the value added of the state-holding enterprises went up by 5.4%; share-holding enterprises up by 6.9%, and enterprises funded by foreign investors or investors from Hong Kong, Macao and Taiwan up by 7.0%; and private enterprises up by 8.2%. In terms of sectors, the value added of mining increased by 3.5% year on year, manufacturing up by 7.5%, and production and supply of electricity, thermal power, gas and water grew by 4.0%. In October, the value added of equipment manufacturing grew by 10.8% year on year, 3.9 percentage points higher than that of the industries enterprises above the designated size. Specifically, the production of new-energy automobiles, industrial robots, excavating and shoveling machinery, micro computer equipment and integrated circuits grew by 94.1%, 38.5%, 30.2%, 28.0% and 20.4% year on year respectively. In the first nine months, the total profits made by industrial enterprises above the designated size stood at 4,366.5 billion yuan, down by 2.4 percent year on year, a decline narrowed by 2.0 percentage points compared with that in the first eight months. In September, the total profits made by industrial enterprises above the designated size went up by 10.1 percent year on year. In October, the Manufacturing Purchasing Managers’ Index stood at 51.4%, above the threshold for eight months in a row.