Description
The total cumulative operating costs of China's industrial enterprises above designated size are released by China's National Bureau of Statistics (NBS). This indicator measures the total operating costs incurred by industrial enterprises above designated size and is helpful in assessing the cost dynamics and operating efficiency of China's large industrial enterprises. Typically, lower operating costs relative to revenue indicate better efficiency and profitability, while higher costs may indicate inefficiencies or rising input prices.
Note: Industrial enterprises above designated size include enterprises with annual operating income of more than 20 million yuan.