Home
China Industrial Profits Climb 14.5%, Led by Coal And Metals
Bloomberg News
December 26, 2016, 5:44 PM PST December 26, 2016, 7:08 PM PST
Profits at industrial firms in China accelerated in November, with raw material producers leading gains, as prices of products such as coal and metals continued to advance.
Industrial profits rose 14.5 percent from a year earlier to 774.6 billion yuan ($111 billion), the National Bureau of Statistics said Tuesday. That compared with the 9.8 percent increase in October. Earnings in the first 11 months climbed 9.4 percent to 6.03 trillion yuan.
Earnings posted the second-strongest gain in more than two years as factory inflation rebounded to a five-year high in November on surging coal and metal prices. That helps manufacturers cut debt and invest more, while delaying efforts to reduce excess capacity.
"Profits of industrial companies have continued to rise this year, but they still face challenges to improve their efficiency," the NBS said in a statement. "Profit gains depend excessively on price rebounds for raw material sectors such as oil processing or steel."
Raw material producers contributed 68 percent of the industrial profit gains in the first 11 months from a year earlier, NBS said. Earnings from coal mining rose 157 percent in the first 11 months while those for base metal processing surged 275 percent.
Not all sectors showed gains. Industries such as oil and gas drilling and power supply saw profit declines in the first 11 months.
https://www.bloomberg.com/news/articles/2016-12-27/china-industrial-profits-increase-as-production-prices-recover
Bloomberg News
December 26, 2016, 5:44 PM PST December 26, 2016, 7:08 PM PST
- Earnings rose to 774.6 billion yuan last month on price gains
- Rise comes amid rebound in factory inflation, coal strength
Profits at industrial firms in China accelerated in November, with raw material producers leading gains, as prices of products such as coal and metals continued to advance.
Industrial profits rose 14.5 percent from a year earlier to 774.6 billion yuan ($111 billion), the National Bureau of Statistics said Tuesday. That compared with the 9.8 percent increase in October. Earnings in the first 11 months climbed 9.4 percent to 6.03 trillion yuan.
Earnings posted the second-strongest gain in more than two years as factory inflation rebounded to a five-year high in November on surging coal and metal prices. That helps manufacturers cut debt and invest more, while delaying efforts to reduce excess capacity.
"Profits of industrial companies have continued to rise this year, but they still face challenges to improve their efficiency," the NBS said in a statement. "Profit gains depend excessively on price rebounds for raw material sectors such as oil processing or steel."
Raw material producers contributed 68 percent of the industrial profit gains in the first 11 months from a year earlier, NBS said. Earnings from coal mining rose 157 percent in the first 11 months while those for base metal processing surged 275 percent.
Not all sectors showed gains. Industries such as oil and gas drilling and power supply saw profit declines in the first 11 months.
https://www.bloomberg.com/news/articles/2016-12-27/china-industrial-profits-increase-as-production-prices-recover
» Judy, MilitiaMan and more.....Saturday AM 5-27-2023
» The GCC countries study the mechanism of benefiting from the "Development Path" project
» Parliamentary Finance: The budget will be ready for presentation to the House of Representatives tom
» Sudanese advisor: Iraq will not be just a 'transit' of goods in the promised project
» Al-Alaq announces work to establish a "Riyada" bank to support youth
» Snapshots from the Development Path Conference.. The Italian Company: The Development Path is an opp
» Support from the Development Summit in Baghdad: Iraq has moved to an important stage in diversifying
» Dhi Qar.. Requiring housing unit investors not to receive payments until they achieve a completion r
» Deputy on the Kurdistan Region budget paragraph: We accomplished what we had to do without courtesy
» The Central Bank of Iraq announces the initiation of the establishment of the Riyada Bank for Social
» World Bank: Iraq needs 21 billion dollars in the transport sector
» Representative of the Turkish delegation: We are a major partner in the path of development
» Rights: Jordan's decision regarding the Ba'ath Party is a hostile and provocative act against Iraq
» A Member Of Parliamentary Finance, Challenging The Region: To Vote For You From Your Promise To Take
» The Kuwaiti and Syrian delegations arrive in Baghdad
» Sponsored by Al-Sudani.. The launch of the annual Iraqi banking conference
» Governor of the Central Bank of Jordan: Iraq is a commercial depth for Jordan
» Transportation: The development road project will provide more than 100,000 job opportunities
» Wadih Al-Handal stresses the importance of digital transformation through electronic payment
» Saudi Minister of Transport: The end of this year will witness a doubling of flights with Iraq
» Al-Sudani: The road to development is an economic artery and a promising opportunity for a convergen
» The Association of Private Banks signs an agreement with Menlos University to train banking cadres
» Achieving a growth of 31%.. The volume of deposits in the banking sector rises to 20 trillion dinars
» Parliamentary recommendation to collect millions of dollars from three telecommunications companies
» The Governor of the Central Bank announces the establishment of a new Iraqi bank
» Saudi Arabia: Completion of 72% of the Hajj road linking Saudi Arabia and Iraq
» Sudanese consultant reveals the advantages of the path of development and networking policy
» He will study in the Gulf Cooperation Council.. This is what the countries participating in the Deve
» Learn about the Iraqi government's revenues and expenditures in 2023.. Economic: Decline in net surp
» Economist: Strategic projects are the development of countries, not the paving of streets
» The Iraqi budget.. The agreements of the adults are being tampered with by the young
» Kurdistan Democratic Party regarding amending the budget: There are those who want to target the gov
» The high price of the dollar against the dinar in Baghdad and the Kurdistan Region
» The federal government allocates 40 billion dinars to receive the wheat crop from the farmers of the
» More than one billion and 300 million dollars in Iraqi Central sales in a week
» The Central Bank announces the launch of the Financial City project and the "Riyada" bank to revital
» Transportation: The completion rates achieved in the port of Faw exceed 50%.
» Handal: We seek to expand banking and financial relations with the international and regional enviro
» Abdullahian asks Fouad Hussein to transfer Iranian money in Iraq to a Saudi bank
» Independent deputy Baghdad: will spend 24 trillion of the south's oil money on the region
» Parliamentary move to amend the general amnesty “law”.
» The “unfixed” contracts between the powers of the government and the proposals of Parliament
» Mazhar Salih: Restoring confidence in the Iraqi dinar is a national necessity
» Employment: Discontinued payments are calculated for people with disabilities
» Baghdad provides the world with a new trade corridor
» The “parliament incident” restores the political stalemate in Kurdistan
» The Czech Foreign Minister told Al-Sabah: We offered our security and industrial expertise to Iraq
» Presidency of Parliament is preparing to receive the draft budget
» The National Union expresses its position on attending the voting session on the budget
» The Kurdistan Democratic Bloc attacks "a group of members of the Finance Committee"
» Minister of Transport: "The Road to Development" is a project in the interest of the countries of th
» A Kurdish politician calls for the imposition of "international trusteeship" on the Kurdistan region
» The stability of the dollar exchange rates for the third day in a row
» "Development Road Project"... "expected" revenues of $5 billion, and an expert details its importanc
» Alia Nassif calls for an investigation into violations in the Ministry of Industry: corruption, buyi
» High dollar prices against the Iraqi dinar in the local markets
» Transportation: The infrastructure of the development road project will be sovereign
» President Barzani: There is no force in the world that can change the true identity of Kirkuk
» The Emirati and Saudi delegations arrive in Baghdad to participate in the Development Path Conferenc
» Barzani rejects budget changes and invites the State Administration Coalition
» Minister of Transport: We have finished the economic feasibility of the development road.. It will b
» Militia Man with Angel1- On the Past 7 days - Update - YouTube
» Second Deputy Speaker of Parliament announces the postponement of the vote on the budget
» The Minister of Oil reveals the energy and manufacturing industries talks with Saudi Arabia
» Advisor to the Prime Minister: The path of development will constitute a qualitative shift in the ec
» Member of Parliamentary Finance: We have overcome 5 complications for the 2023 budget.. Tomorrow is
» Sudanese advisor: the path of development will link the old world with the new
» An Israeli report talks about Baghdad's economy and "de-dollarization": Is it an Iraqi and regional
» "Breach of agreements"... Kurdistan rejects changes made to the budget
» Pictures.. Lifting the concrete blocks surrounding the Central Bank and the Russian Embassy in Baghd
» Economist: The Dry Canal assassinates the Silk Road in Iraq
» New cities in western Iraq and reducing journey times by half... Full details of the "Development Ro
» Transportation: Al-Sudani will announce tomorrow the launch of the "Development Road" in the presenc
» Parliamentary insistence on enacting the oil and gas law in the current session
» Hours before the announcement of the launch of the "Development Path", an expert talks about the "Ch
» (Dollarization).. A rapid decline that includes Iraq and threatens American hegemony
» Militia Man & Crew’s new video: "Support - Iraqi Currency - Confidence"
» 'Excellent agreement'.. A new comment from the Oil Minister regarding Kurdistan's oil
» Tomorrow... Baghdad will host the conference of transporting ministers of neighboring countries and
» Al-Rafidain warns its customers against giving out their electronic card information and being subje
» The Minister of Oil reveals the most important topics that were discussed by the Energy and Transfor
» The stability of the exchange rates of the dollar against the dinar in the local stock exchange
» The Minister of Oil confirms moving forward with the implementation of the Saudi-Iraqi electrical in
» An expert details solutions to the region's oil crisis.. "We do not need Turkey.".. "A few days and
» France urges Total Energies to accelerate its investments in renewable energy
» Citizens pin their hopes on the budget law and hope to solve problems
» Minister of Finance: We are making great efforts to provide fairness to all segments of society
» The Minister of Oil reveals the most important axes of the Energy Committee with the Saudi side
» An economist determines the percentage of money transfers for merchants.. Will the markets be affect
» Will Iraq be able to overcome dependence on the rentier economy?
» Baghdad reveals 4 buyers for the oil of the Kurdistan region
» From 198 Pages.. The Former Minister Of Finance Publishes A “Special” File On Theft Of The Century
» Iran calls on Iraq for banking cooperation and the promotion of gas transportation lines
» The Finance Committee agrees to include parliamentary proposals to amend the wording of the articles
» Al-Rafidain warns employees and retirees who carry electronic payment cards
» Tomorrow... Baghdad will host the conference of transporting ministers of neighboring countries and
» Parliamentary agriculture holds Türkiye responsible for the drought in Iraq
» Parliamentary Transportation: The development path project is an economic gain that contributes to d