BEIJING, Nov. 27 (Xinhua) -- China's auto manufacturing sector saw profits rise 6.6 percent year on year to 421.15 billion yuan (about 64.05 billion U.S. dollars) in the first 10 months of 2020, industry data showed on Friday.
The growth picked up from the 3 percent gain seen in the first three quarters, according to the China Association of Automobile Manufacturers (CAAM), citing data from the National Bureau of Statistics.
The sector's profits accounted for 8.4 percent of total profits among industrial companies with annual revenues of more than 20 million yuan.
Earlier CAAM data showed China's auto market maintained recovery momentum in October, with sales rising 12.5 percent year on year to 2.57 million as the market warmed alongside government policies to spur consumption.
Auto sales totaled 19.7 million in the first 10 months, down 4.7 percent year on year.
Fire brigade in Shanghai holds group wedding
Tourists enjoy ice sculptures in Datan Town, north China
Sunset scenery of Dayan Pagoda in Xi'an
Tourists have fun at scenic spot in Nanlong Town, NW China
Harbin attracts tourists by making best use of ice in winter
In pics: FIS Alpine Ski Women's World Cup Slalom
Black-necked cranes rest at reservoir in Lhunzhub County, Lhasa
China's FAST telescope will be available to foreign scientists in April
"She power" plays indispensable role in poverty alleviation
Top 10 world news events of People's Daily in 2020
Top 10 China news events of People's Daily in 2020
Top 10 media buzzwords of 2020
Year-ender:10 major tourism stories of 2020
No interference in Venezuelan issues
Biz prepares for trade spat
Broadcasting Continent
Australia wins Chinese CEOs as US loses
