China's large industrial enterprises reduced profit by 3.7% in March

121126

In China, the slowdown in growth in manufacturing activity in April affected the profits of large Chinese industrial companies, aggregate figure of which fell by 3.7% from the same month a year earlier to 515.4 billion yuan. This was reported by the country's National Bureau of Statistics. In March, the fastest growth rate of their profits was observed in the last 8 months, when the figure jumped 13.9%. In the first four months of the year, Chinese industrial enterprises reduced profits by 3.4% in annual terms. Their aggregate figure was 1 trillion 810 billion yuan. Between January and March, company profits fell by 3.3%. In January-April, low investments in fixed assets and weak growth in industrial production were recorded. From January to April, telecommunications companies and manufacturers of electronic equipment reduced profits by 15.3%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: