Chinese industrial firms see profits rise
June 28, 2010 Category Macro-economy, Weekly
Profit at Chinese industrial firms with annual revenue of more than CNY5 million soared 81.6% year on year to CNY1.54 trillion in the first five months of the year. The profit of industrial companies foreigners invested in rose 83.6% to CNY451.83 billion during the period, the National Bureau of Statistics (NBS) said. Earnings at state-owned industrial enterprises jumped 118.9% to CNY524.38 billion, while those of private industrial firms grew 61.1% to CNY377.66 billion. The annual revenue of industrial firms with more than CNY5 million rose 38.2% to CNY25.35 trillion, compared with a 0.8% drop last year, the bureau said.
Recent News
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world