综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Economy

Industrial earnings bounce back in March

By Wei Tian (China Daily) Updated: 2012-04-28 09:52

Industrial earnings bounce back in March

Workers at assembly lines at Fujian Jinjiang Sanli Engine, a company that specializes in businesses ranging from precision die casting and machinery to the production of motorcycles. The profits of State-owned and large non-State industrial enterprises picked up in March by 4.5 percent year-on-year. [Photo/China Daily] 

Monthly figure rises 4.5% but overall picture remains gloomy

Rebounding industrial profits in March send a positive signal but the overall shrinking margins in the first quarter mean there is little cause for optimism, as the market still expects further policy support to restore confidence.

The profits of State-owned and large non-State industrial enterprises picked up in March by 4.5 percent year-on-year, after the figure declined for two consecutive months, according to a statement on the website of the National Bureau of Statistics on Friday.

But overall profits in the first quarter, which totaled 1.04 trillion yuan ($165 billion), were still 1.3 percent smaller compared with the same period last year.

He Ping, an official with the industry department of the NBS, attributed the overall decline in profits in the first quarter to pessimistic sales figures and rising costs caused by surging prices.

According to He, factory gate prices were up 19.8 billion yuan from January to March, while purchase prices surged by 121.4 billion yuan, which brought industrial profits down by 101.6 billion yuan.

Industrial earnings bounce back in March

The profit margin of 5.28 percent in the first quarter was slightly up from 5.02 percent in the first two months, but was still lower than the average of 6 percent last year.

The profit data were in line with an earlier release from the NBS, which showed that China's industrial output was growing at its slowest pace since July 2009, up 11.6 percent year-on-year in the first quarter of this year, compared with 20 percent a year ago.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
土默特右旗| 额尔古纳市| 眉山市| 沐川县| 德庆县| 长白| 虎林市| 栾城县| 进贤县| 明水县| 祥云县| 鹤峰县| 三门峡市| 若尔盖县| 罗田县| 涟源市| 衡水市| 闵行区| 易门县| 英德市| 山西省| 景谷| 吉木萨尔县| 涟水县| 理塘县| 互助| 贺兰县| 吉安县| 政和县| 元谋县| 鹤庆县| 宣恩县| 吴江市| 左贡县| 东台市| 乌鲁木齐市| 石泉县| 时尚| 山西省| 大英县| 南雄市|