Fastener Shanghai
fastenerfastenerBuyers' Guidefastener
fastenerStandard Searchfastener
fastenerFor Buyersfastener
fastenerFor Suppliersfastener
fastenerTrade Showsfastener
fastenerMy Officefastener
fastenerPost Inquiriesfastener
Home->Fastener News->China's industrial firms see slower profit gro...You are the 359998 visitors
Views:481   |   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
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
China launches new round of environmental inspections--2017-09-01

Vote for this news?

fastener(Very Good)
fastener(Very Bad)

More Discuss...
Your Name: Anonymous

Enter the code shown:fastener1fastener

Fastener Shanghai

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

• WIN EURASIA Metalworking, Mar 15-18, 2018, Turkey

•Taiwan International Fastener Show, Apr 10-12, 2018, Taiwan

•Fastener Fair USA, Apr 11-12, 2018, USA

•M-Tech Nagoya, Apr 11-13, 2018, Japan

•wire & Tube Düsseldorf, Apr 16-20, 2018, Germany

Show Room

Offer Product

Latest News
• CSC to hike prices for Q2 deliveries as global steel supplies remain tight

• U.S. Fed raises interest rates, signals two more rate hikes in 2018

Buyers' Guide
Company News

• One-Stop Supplier of Stainless Steel Fasteners—Dongtai Huawei Actively Develops Global Markets

• 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