• <nav id="c8c2c"></nav>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
      • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
        <tr id="c8c2c"></tr>
      • a级毛片av无码,久久精品人人爽人人爽,国产r级在线播放,国产在线高清一区二区

        Global EditionASIA 中文雙語(yǔ)Fran?ais
        Business
        Home / Business / Macro

        Weakening market demand slumps industrial profits

        By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-09-27 10:32
        Share
        Share - WeChat
        Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, Southwest China's Chongqing municipality, April 25, 2024. [Photo/Xinhua]

        Profits at China's major industrial companies slumped in August, the National Bureau of Statistics said on Friday, reflecting corporate pain stemming from weakening market demand.

        Industrial enterprises with annual revenue of at least 20 million yuan ($2.85 million) saw their total profits slump 17.8 percent from a year earlier in August, NBS data showed, compared to a 4.1 percent year-on-year rise for the month before. 

        For the January-August period, China's industrial profits increased 0.5 percent year-on-year, following a 3.6 percent growth in the first seven months. 

        NBS statistician Yu Weining said the decline in August profits was mainly due to the high comparison base in the previous year, while industrial profits grew at a slower pace in the first eight months due to the lack of effective market demand and the impact of natural disasters like increased temperatures and floods.

        Yu warned of pressures from lukewarm consumer demands and a complicated external environment, saying more efforts should be made to consolidate the foundation for the recovery of industrial profits.

        Moving forward, Yu said the country needs to take more steps to foster new growth drivers, actively expand effective demand and further drive equipment upgrades and trade-in deals for consumer goods. 

        Among the 41 major industrial sectors surveyed, 29 saw year-on-year growth in their profits in the first eight months, NBS data showed. 

        In the first eight months, profits recorded by industrial firms that offer supplies of electricity, heat, gas and water grew by 14.7 percent year-on-year, and profits recorded by manufacturing companies rose by 1.1 percent. Meanwhile, profits recorded by mining firms shrank 9.2 percent. 

        Notably, profits at high-tech manufacturing industries surged 10.9 percent in the first eight months, 10.4 percentage points higher than that of the overall industrial profits.

        According to a breakdown of the NBS data, State-owned firms saw earnings dip 1.3 percent year-on-year in the first eight months. Foreign firms booked a 6.9 percent rise and private-sector companies recorded a 2.6 percent growth. 

        ouyangshijia@chinadaily.com.cn

        Top
        BACK TO THE TOP
        English
        Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
        License for publishing multimedia online 0108263

        Registration Number: 130349
        FOLLOW US
        CLOSE
         
        a级毛片av无码
        • <nav id="c8c2c"></nav>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <tfoot id="c8c2c"><noscript id="c8c2c"></noscript></tfoot>
          • <nav id="c8c2c"><sup id="c8c2c"></sup></nav>
            <tr id="c8c2c"></tr>