China's major bicycle firms report surging profits in H1

BEIJING, Aug. 21 (Xinhua) -- China's major bicycle manufacturers reported strong performance in the first half of the year, with combined profit and revenue both registering double-digit growth, official data showed.

Bike manufacturers with annual operating revenue of over 20 million yuan (about 3.08 million U.S. dollars) raked in 4.16 billion yuan in profits in the January-June period, up 44.4 percent year on y