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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Industrial profits' growth buoys outlook

By Xin Zhiming | China Daily | Updated: 2016-12-28 08:04

China's industrial profits registered 14.5 percent growth year-on-year in November, the fastest in three months, which analysts said is a solid sign of improving economic fundamentals.

Profits in November totaled 774.6 billion yuan ($111.4 billion), and in the first 11 months, total industrial profits reached 6.03 trillion yuan, up by 9.4 percent year-on-year. That was 0.8 percentage point faster than in the January-October period, the National Bureau of Statistics said on Tuesday.

Industrial profits' growth buoys outlook

Industrial profits increase has been rebounding since summer after tumbling to as low as 3.7 percent in May and peaking at 19.5 percent in August, which is attributable to recovery in commodity prices. The country's recovering industrial output is also behind the rising profit level.

Profits of electronics, telecommunications, equipment manufacturing and oil-related industries rose at a fast pace in November, pushing up overall profit growth, according to the NBS.

"The trend of improving corporate profit growth has been gradually consolidated," He Ping, an NBS official, said in a note after the release of the data. "As the country's supply-side structural reform gradually deepens, its industrial structure will continually improve and new growth momentum will continue to accumulate, hopefully leading to stable growth in profits of industrial enterprises," He said.

But the official conceded that problems remain. "Industrial profits rose relatively fast due to a lower base last year, and the growth was overly reliant on a price rebound in raw material industries such as oil refining and iron and steel."

Nomura Securities economists Zhao Yang and Wendy Chen agreed. "The improvement was mainly due to rising prices, as producer price index (gauging factory-gate prices) inflation jumped strongly to 3.3 percent in November, and to a low base, given consistent negative profit growth throughout the whole of 2015," they said in a research note.

"We expect profit growth to rise further in December, as high price inflation and a low base continue to play a role."

China achieved faster-than-expected GDP growth of 6.7 percent in the first three quarters of the year, but as the domestic and international economic situation still has many uncertainties, analysts said the country faces an uphill battle in stabilizing the economy next year.

"Some data are improving, but the Chinese economy will remain in a painful transition process next year," said Xia Bin, senior economist and former member of the monetary policy committee of the central bank.

Most Viewed in 24 Hours
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
长丰县| 桐乡市| 德阳市| 海兴县| 东兴市| 浪卡子县| 宁国市| 清新县| 涞水县| 拜城县| 平江县| 招远市| 兴国县| 大连市| 澎湖县| 苍南县| 永安市| 赣州市| 从化市| 临沭县| 鞍山市| 安塞县| 重庆市| 西宁市| 景洪市| 文成县| 南华县| 克拉玛依市| 蓝田县| 房产| 苍南县| 凤山县| 建始县| 乌兰县| 穆棱市| 都江堰市| 湛江市| 正安县| 西峡县| 焉耆| 叙永县|