Fastener Shanghai
fastener
fastenerHomefastener
fastener
fastenerNewsfastener
fastener
fastenerfastenerBuyers' Guidefastener
fastener
fastenerStandard Searchfastener
fastener
fastenerFor Buyersfastener
fastener
fastenerFor Suppliersfastener
fastener
fastenerMagazinefastener
fastener
fastenerTrade Showsfastener
fastener
fastenerMy Officefastener
fastener
fastenerPost Inquiriesfastener
Home->Fastener News->China's industrial firms see slower profit gro...You are the 429681 visitors
Views:649   |   recommendation:   |   Votes:0   |   Discuss:0
China's industrial firms see slower profit growth

China's major industrial firms reported slower profit growth in the first 11 months of this year, the National Bureau of Statistics (NBS) said Wednesday.

Businesses with annual revenue of more than 20 million yuan (about 3 million U.S. dollars) reported profits of 6.88 trillion yuan in the first 11 months, a 21.9-percent increase from one year earlier, the NBS said in a statement.

The growth marked a mild slowdown from 23.3 percent in the January-October period. In November alone, the profits were up by 14.9 percent, down from 25.1 percent during the previous month.

NBS statistician He Ping said slowing price growth bit into corporate profits. "Primary calculation showed price changes...reduced profits by 94.4 billion yuan month on month, dragging down the profit increase by 13.8 percentage points."

But He stressed that business performance continued to improve, citing dropping costs, faster capital turnover and lower corporate leverage.

Source: Xinhua

2017/12/27 16:07:00

Previous:    China can double 2010 GDP with 6.3-pct growth in 2018-2020
        Next:    China's urban rail growth on fast track

Recent Related News
German manufacturing production falls sharply in February--2018-04-09
U.S. Fed raises interest rates, signals two more rate hikes in 2018--2018-03-22
China's manufacturing activity expands slower--2018-02-28
German industrial workers, employers agree to pay deal--2018-02-09
China's manufacturing activity expands slower in January--2018-01-31
German industrial orders decrease unexpectedly in November--2018-01-09
U.S. factory orders rise for 4 consecutive months--2018-01-08
Caixin China manufacturing PMI rises in Dec.--2018-01-03
China can double 2010 GDP with 6.3-pct growth in 2018-2020--2017-12-26
Taiwan manufacturing expansion continues to shrink in November--2017-12-04
China Nov official factory PMI rises to 51.8, beats forecasts--2017-11-30
China October Factory Growth Slows More Than Expected on Smog War, Softer Export Orders--2017-10-31

Vote for this news?

fastener(Very Good)
fastener(Good)
fastener(Normal)
fastener(Bad)
fastener(Very Bad)


Discuss
More Discuss...
Your Name: Anonymous

Enter the code shown:fastener0fastener

Fastener Shanghai


China Fastener Directory
Get it FREE!
fastener
Get your CFD at the following shows:

•METALTECH, May 23-26, 2018, Kuala Lumpur, Malaysia

•Fastener Fair Mexico, Jun 20-21, 2018, Guadalajara, Mexico

•Manufacturing Expo Thailand, Jun 20-23, 2018, Bangkok, Thailand



Show Room



Offer Product

Latest News
• NFDA Elects New President, Board Members For 2018-2019

• Japan's core private-sector machinery orders gain 10.1 pct in April

Buyers' Guide
Company News

• China Worldbest Holding: Embracing Dream, Seeking Growth

• Dongtai Huawei to Attend Korea 2017 Metal Week, Booth No. 8a103, Welcome to Visit Us!

The Way to Enter Chinese Market
The Way to Enter Chinese Market


fastener