China Industrial Profits Rise
China Industrial Profits Rise

China Industrial Profits Rise

China Industrial Profits Rise

Profits earned by China’s industrial firms in November rose 14.5% from a year earlier, the National Bureau of Statistics said on Tuesday, firming from October’s reading of 9.8%, Reuters reported. Industrial profits rose 9.4% in the first 11 months from the same period a year earlier, up from a 8.6% rise in the first 10 months of the year. The profit figures cover large enterprises with annual revenues of more than 20 million yuan ($2.88 million) from their main operations. The acceleration of industrial production and sales growth and a surge in factory-gate prices are the main drivers of the rosy figure, He Ping, an economist, said.

Short URL : https://goo.gl/DUwBBg
  1. https://goo.gl/ukv10y
  • https://goo.gl/NqkWWs
  • https://goo.gl/Ygd7sd
  • https://goo.gl/Bl5ZmU
  • https://goo.gl/VaD4vx

You can also read ...

Taiwan Consumers More Upbeat on Economy
Confidence in Taiwan’s economy edged higher in September after...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...

Add new comment

Read our comment policy before posting your viewpoints