国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

US EUROPE AFRICA ASIA 中文
Business / China Data

China's industrial profit decline narrows in November

(Xinhua) Updated: 2015-12-28 13:36

BEIJING - Profits of China's major industrial firms fell 1.4 percent year on year in November, narrowing from a 4.6-percent decline posted in October, the National Bureau of Statistics (NBS) said on Sunday.

Profits at industrial companies with annual revenues of more than 20 million yuan ($3.1 million) totaled 672.1 billion yuan in November.

Rebounding sales, lower costs and higher investment returns helped slow the profit decrease, said He Ping, an official with the Department of Industry at the NBS.

Revenues from the firms' primary business rose 1 percent year on year in November, compared with a 1.4 percent drop in October.

Automobile and electricity industries posted marked profit growth, a major contributor to improvement in the overall industrial profits, He said.

Auto manufacturers saw their profits jump 35 percent in November, 28.6 percentage points higher than in October. Profits of power and heat suppliers soared 51 percent, up 42.6 percentage points from October.

However, the country's industrial firms still have to cope with rapid piling up of finished products and fast increase of receivables, the money they have yet to collect from customers, He said.

Industrial profits in the first 11 months of this year dropped 1.9 percent year on year to around 5.5 trillion yuan, the NBS said. The decline narrowed from a 2-percent decrease registered in the Jan-Oct period.

In the first 11 months, State-owned industrial firms saw profits slump 23 percent year on year, while privately-owned firms rose 5.3 percent.

Facing lingering downward risks, Chinese authorities have ramped up efforts to prop up the economy. The central bank has cut benchmark interest rates five times since last November and lowered banks' reserve requirement ratio three times since February.

Hot Topics

Editor's Picks
...