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Profits of industrial companies growth in China 23.8%
Date: 04/27/2017 12:02
China
Information / Baghdad ..
Chinese statistics office announced on Thursday that the profits of Chinese manufacturing industry companies increased 23.8 percent in March from a year earlier, slowing from the previous months.
National Bureau of Statistics said on its website that the March profit rose to 688.7 billion yuan ($ 99.9 billion).
Industrial profits rose 28.3 percent in the first quarter of the year from a year earlier to a record 1.7 trillion yuan in the slowing of the growth rate of 31.5 percent in the first two months.
The construction boom has helped stimulate sales in the sector and building materials prices affected sectors, raising profits for a long period, such as steel mills and smelters. But some analysts say that the producer price inflation is approaching the peak, which could undermine the profitability of new investments later this year.
Increased obligations of industrial companies 6.6 percent on an annual basis at the end of March, compared with a similar increase in the first two months of 2017.
The data covers large companies that exceed the main operations revenue of 20 million yuan a year. Finished /
http://almaalomah.info/2017/04/27/economic/150746
Date: 04/27/2017 12:02
China
Information / Baghdad ..
Chinese statistics office announced on Thursday that the profits of Chinese manufacturing industry companies increased 23.8 percent in March from a year earlier, slowing from the previous months.
National Bureau of Statistics said on its website that the March profit rose to 688.7 billion yuan ($ 99.9 billion).
Industrial profits rose 28.3 percent in the first quarter of the year from a year earlier to a record 1.7 trillion yuan in the slowing of the growth rate of 31.5 percent in the first two months.
The construction boom has helped stimulate sales in the sector and building materials prices affected sectors, raising profits for a long period, such as steel mills and smelters. But some analysts say that the producer price inflation is approaching the peak, which could undermine the profitability of new investments later this year.
Increased obligations of industrial companies 6.6 percent on an annual basis at the end of March, compared with a similar increase in the first two months of 2017.
The data covers large companies that exceed the main operations revenue of 20 million yuan a year. Finished /
http://almaalomah.info/2017/04/27/economic/150746
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