China's industrial profits up 3.4% in January-May
5 months, 3 weeks ago

China's industrial profits up 3.4% in January-May

China Daily  

Xinhua| Updated :2024-06-28 BEIJING -- Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's overall growth in industrial profits, making equipment manufacturing sector the largest contributor, said the NBS. Notably, Yu pointed out that the recovery of domestic demand and accelerated industrial exports had resulted in a rise in consumer goods production, with the sector's profits climbing by 10.9 percent year-on-year.

Industrial Nbs Profits  chinas  januarymay  industrial  yuan  equipment  yu  recovery  profits  production  sector  demand  34  manufacturing

History of this topic

Chinese economy records steady recovery
1 week, 1 day ago

Chinese economy records steady recovery

China Daily  

China's economy showed a steady recovery trend supported by key economic indicators released on Monday by the National Bureau of Statistics, amid a slew of policy incentives that boosted market confidence. Output of industries above a designated level grew by 5.4 percent year-on-year in November, a 0.1 percentage point higher than last month. Retail sales, a key measurement of consumer …

Chinese economy records steady recovery
1 week, 1 day ago

Chinese economy records steady recovery

China Daily  

China's economy showed a steady recovery trend supported by key economic indicators released on Monday by the National Bureau of Statistics, amid a slew of policy incentives that boosted market confidence. Output of industries above a designated level grew by 5.4 percent year-on-year in November, a 0.1 percentage point higher than last month. Retail sales, a key measurement of consumer …

Reform should address market's practical concerns
Top News
2 weeks, 1 day ago

Reform should address market's practical concerns

China Daily  

ECONOMIC DAILY | Updated: 2024-12-09 07:39 An employee works on the production line of a combine harvester manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY In November, the manufacturing purchasing managers' index rose by 0.2 percentage points from the previous month to 50.3, a rise for the third consecutive month and reaching a seven-month high. Notably, as the manufacturing …

Reform should address market's practical concerns
Top News
2 weeks, 1 day ago

Reform should address market's practical concerns

China Daily  

ECONOMIC DAILY | Updated: 2024-12-09 07:39 An employee works on the production line of a combine harvester manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY In November, the manufacturing purchasing managers' index rose by 0.2 percentage points from the previous month to 50.3, a rise for the third consecutive month and reaching a seven-month high. Notably, as the manufacturing …

China's economy to sustain recovery in Nov-Dec: NDRC
Trending News
1 month ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li Chao at a press conference. …

China's economy to sustain recovery in Nov-Dec: NDRC
1 month ago

China's economy to sustain recovery in Nov-Dec: NDRC

China Daily  

Xinhua | Updated: 2024-11-19 11:20 BEIJING - China's economy is expected to maintain its recovery momentum in November and December thanks to the effectiveness of the country's policy toolkit, the National Development and Reform Commission said on Tuesday. The commission, the country's top economic planner, is working with other parties to achieve the full-year growth target, said NDRC spokesperson Li …

China sees steady expansion in number of business entities
1 month, 2 weeks ago

China sees steady expansion in number of business entities

China Daily  

A view of CBD area in Beijing on June 20, 2023. BEIJING - China's total number of business entities had reached 188 million by the end of September 2024, marking a 3.9-percent year-on-year rise, the State Administration for Market Regulation said on Friday. A slew of policy measures to expand domestic demand, boost confidence and energize various market players have …

China's high-tech manufacturing sector profits up 6.3% YoY in Jan-Sep, showing resilience: NBS
1 month, 3 weeks ago

China's high-tech manufacturing sector profits up 6.3% YoY in Jan-Sep, showing resilience: NBS

China Daily  

An employee checks intelligent manufacturing equipment at a tech company in Ganzhou, Jiangxi province. China's high-tech manufacturing sector's profits rose 6.3 percent year-on-year in the first three quarters of 2024, driven by rapid production growth. Within high-end equipment manufacturing, profits in spacecraft and launch vehicle production rose 17.1 percent year-on-year, while profits in specialized semiconductor equipment manufacturing rose 13.2 percent, …

China's Manufacturing PMI Recovers to 50.1, Signaling Economic Vitality
1 month, 3 weeks ago

China's Manufacturing PMI Recovers to 50.1, Signaling Economic Vitality

China Daily  

China's economic vitality continues to improve, with the manufacturing PMI reaching a six-month high of 50.1 in October. The sub-index for production rose to 52, while new orders edged up to 50 from 49.9 in September, indicating a recovery in production activity. Prices in the manufacturing sector recovered as the sub-gauge for the main raw material purchase prices jumped from …

Industrial Profits Recover as Policy Measures Boost Confidence
Trending News
1 month, 3 weeks ago

Industrial Profits Recover as Policy Measures Boost Confidence

China Daily  

China's industrial enterprises are showing signs of recovery, with the profit of industrial enterprises increasing in the high-tech manufacturing sector. Despite a decline in the overall industrial sector, the resilience of new industrial drivers is driving growth. The central authorities have introduced a package of policies focused on increasing countercyclical policy regulation, expanding domestic demand, giving more help to enterprises, …

Industrial Profits Recover as Policy Measures Boost Confidence
Trending News
1 month, 3 weeks ago

Industrial Profits Recover as Policy Measures Boost Confidence

China Daily  

China's industrial enterprises are showing signs of recovery, with the profit of industrial enterprises increasing in the high-tech manufacturing sector. Despite a decline in the overall industrial sector, the resilience of new industrial drivers is driving growth. The central authorities have introduced a package of policies focused on increasing countercyclical policy regulation, expanding domestic demand, giving more help to enterprises, …

China's GDP up by 4.6% year-on-year in Q3
2 months ago

China's GDP up by 4.6% year-on-year in Q3

China Daily  

China's GDP up by 4.6% year-on-year in Q3 By Zhou Lanxu and Ouyang Shijia chinadaily.com.cn Updated: Oct 18, 2024 The inaugural train departs from Hangzhou West Station and Wenzhou North Station. China's gross domestic product grew by 4.6 percent year-on-year in the third quarter following a 4.7 percent rise in the second quarter, the National Bureau of Statistics said on …

Stimulus Measures to Ignite Chinese Economy
2 months, 1 week ago

Stimulus Measures to Ignite Chinese Economy

China Daily  

China's economy is expected to pick up pace in the fourth quarter, supported by a slew of bolder-than-expected stimulus measures. The focus will be on tackling issues faced by enterprises, spurring consumption, and stabilizing the real estate sector to achieve the country's annual growth target of 5 percent.

Stimulus Measures to Rev Up China's Economy
2 months, 1 week ago

Stimulus Measures to Rev Up China's Economy

China Daily  

China's economy is expected to pick up pace in the fourth quarter, supported by a combination of monetary and fiscal stimulus measures. The focus will be on tackling issues faced by enterprises, spurring consumption, and stabilizing the real estate sector to achieve the country's growth target of 5 percent.

Profits of major industrial companies slump in August
2 months, 3 weeks ago

Profits of major industrial companies slump in August

China Daily  

An employee paints a wind turbine hub at a wind power equipment manufacturer in Binzhou, Shandong province. GUO XULEI/XINHUA Profits at China's major industrial companies slumped significantly in August, pointing to weakening market demand and shoring up the case for new incremental policies to prop up growth, officials and analysts said on Friday. NBS statistician Yu Weining said the decline …

China's industrial output, retail sales continue to rise in August
3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
3 months, 1 week ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's new growth drivers further gain momentum: index
3 months, 3 weeks ago

China's new growth drivers further gain momentum: index

China Daily  

A humanoid smart robot works at an auto production facility in Ningbo, Zhejiang province. BEIJING -- China's new growth drivers have gained momentum last year as the country continued efforts to foster economic vitality and encourage technological innovation, official data showed Saturday. The reading suggested that the country's new growth drivers, featured by new industries, new business forms and models, …

Rising industrial profits propel recovery
3 months, 3 weeks ago

Rising industrial profits propel recovery

China Daily  

Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, Southwest China's Chongqing municipality, April 25, 2024. China's industrial profits rose in July at their fastest pace in five months, propelled by stable industrial production and robust new growth drivers, official data showed on Tuesday, amid signs of steady economic recovery coupled with a gradual …

China's industrial profits climb in July
3 months, 3 weeks ago

China's industrial profits climb in July

China Daily  

Vehicles are under examination at a smart factory of Seres Group in Liangjiang New Area, Southwest China's Chongqing municipality, April 25, 2024. Profits at China's major industrial firms grew at a faster pace in July, official data showed on Tuesday, underlining the resilience of the manufacturing sector which has helped support the steady economic growth. For the January-July period, China's …

China's industrial profits climb in July
3 months, 3 weeks ago

China's industrial profits climb in July

China Daily  

Profits at China's major industrial firms grew at a faster pace in July, official data showed on Tuesday, underlining the resilience of the manufacturing sector which has helped support the steady economic growth. For the January-July period, China's industrial profits increased 3.6 percent year-on-year, following a 3.5 percent growth in the first six months. Among the 41 major industrial sectors …

China's industrial sector sees steady growth in July
4 months ago

China's industrial sector sees steady growth in July

China Daily  

A worker checks solar photovoltaic modules at the production workshop of an energy-saving company in Nantong, Jiangsu province, Aug 13, 2024. BEIJING - China's industrial sector registered a steady revenue growth in July, as indicated by an increase in VAT invoice issuance, the State Taxation Administration said on Monday. Tax data revealed a 6 percent year-on-year growth in the sales …

Experts see economy stabilizing
4 months ago

Experts see economy stabilizing

China Daily  

A worker conducts motion tests on AGV handling robots at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces will inject fresh …

Experts see economy stabilizing
4 months ago

Experts see economy stabilizing

China Daily  

China's economy is likely to gradually stabilize in the third and fourth quarters, as policymakers are poised to step up stimulus measures aimed at stabilizing growth and deepening economic structural reforms, prominent economists said on Monday. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces …

China reports growth in the consumer economy
4 months, 1 week ago

China reports growth in the consumer economy

China Daily  

chinadaily.com.cn| Updated :2024-08-15 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up …

China reports growth in the consumer economy
4 months, 1 week ago

China reports growth in the consumer economy

China Daily  

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

China reports growth in the consumer economy
4 months, 1 week ago

China reports growth in the consumer economy

China Daily  

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

China reports growth in the consumer economy
4 months, 1 week ago

China reports growth in the consumer economy

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-08-15 10:01 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by …

Recovery likely to gain a firmer footing, experts say
4 months, 3 weeks ago

Recovery likely to gain a firmer footing, experts say

China Daily  

A view of Beijing's CBD area on Nov 29, 2023. China's economic recovery is expected to gain a firmer footing in the remainder of the year, as policymakers are poised to roll out a package of stimulus measures aimed at stabilizing growth and deepening structural reforms in the second half, analysts said on Wednesday. Citing key measures mapped out at …

【双语财讯】2023年我国“三新”经济增加值占GDP比重达17.73%
4 months, 3 weeks ago

【双语财讯】2023年我国“三新”经济增加值占GDP比重达17.73%

China Daily  

国家统计局30日发布数据，经核算，2023年我国“三新”经济增加值为223528亿元，比上年增长6.4%，相当于GDP的比重为17.73%，比上年提高0.37个百分点。 The skyline of Beijing. The added value of new industries, new business formats and new business models, dubbed the "three new" economy, contributed more to China's economic growth last year, official data shows Tuesday. 国家统计局30日发布数据称，新产业、新业态、新商业模式即所谓的“三新”经济去年为中国经济增长做出了更多贡献。 These new growth drivers accounted for 17.73 percent of the country's gross domestic product last year, up 0.37 percentage points from the previous year, …

Industrial output of China's non-ferrous metals industry up 10.8% in H1
4 months, 3 weeks ago

Industrial output of China's non-ferrous metals industry up 10.8% in H1

China Daily  

A technician works on the production line of a machinery company in Luannan county, Hebei province. BEIJING - The value-added industrial output of China's non-ferrous metals industry rose by 10.8 percent year-on-year in the first half of 2024, with the growth rate being 4.8 percentage points higher than the country's general value-added industrial output growth during the same period, according …

Financial institutions upbeat on China economy
5 months ago

Financial institutions upbeat on China economy

China Daily  

A view of the booth of DBS during an expo in Shanghai last year. CHINA DAILY Overseas financial institutions have expressed their confidence in the prospects of China's economy, as the country's high-quality growth efforts are gradually paying off. Apart from industrial output and high-end manufacturing, investment and exports are The effects of large-scale equipment upgrades and trade-in of consumer …

China's industrial profits up 3.4% in January-May
5 months, 3 weeks ago

China's industrial profits up 3.4% in January-May

China Daily  

Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's …

China's industrial profits up 3.4% in January-May
5 months, 3 weeks ago

China's industrial profits up 3.4% in January-May

China Daily  

Profits of China's major industrial firms increased 3.4 percent year-on-year in the first five months of the year, official data showed Thursday. The profits of the equipment manufacturing sector continued to increase rapidly in the January-May period, with the combined profits of the sector gaining 11.5 percent year-on-year, said the NBS. The surge contributed 3.6 percentage points to the country's …

China's economy maintains recovery momentum
6 months, 1 week ago

China's economy maintains recovery momentum

China Daily  

By Ouyang Shijia| chinadaily.com.cn| Updated :2024-06-17 China's economy continued the recovery trend in May amid a steady rebound in demand, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.6 percent in May from a year earlier after 6.7 percent in April, …

【双语财讯】工业企业利润回升彰显我国经济韧性
6 months, 3 weeks ago

【双语财讯】工业企业利润回升彰显我国经济韧性

China Daily  

4月我国规模以上工业企业利润实现由降转增，分析人士指出，这标志着我国经济进一步企稳向好。 Production equipment presses auto parts at a manufacturing base of Wuzheng Group in Wulian county, East China's Shandong province, March 13, 2024. Profits at China's major industrial companies returned to growth in April amid strong policy stimulus and a continued recovery in market demand, adding signs that the world's second-largest economy is on a firmer footing. 1—4月份，我国规上工业企业利润同比增长4.3%，增速与第一季度持平。 Zhou Maohua, …

【双语财讯】1—4月份全国规模以上工业企业利润增长4.3%
6 months, 3 weeks ago

【双语财讯】1—4月份全国规模以上工业企业利润增长4.3%

China Daily  

5月27日，国家统计局发布数据显示，1—4月份，全国规模以上工业企业实现利润总额20946.9亿元，同比增长4.3%。国家统计局工业司统计师于卫宁表示，4月，随着宏观组合政策落实落细、效果持续显现，市场需求继续回暖，工业生产回升向好，规模以上工业企业效益持续恢复。 Data from the National Bureau of Statistics showed on Monday that industrial enterprises with annual revenue of at least 20 million yuan saw their total profits surge 4 percent year-on-year in April after a 3.5 percent decline in March. 国家统计局27日公布数据显示，4月份，中国规模以上工业企业（年主营业务收入在2000万元以上的工业企业）利润由3月份同比下降3.5%转为增长4.0%。 For the January-April period, China's industrial profits increased 4.3 percent year-on-year, flat with the figure in the first quarter. …

Quzhou economy sees steady growth Jan-April
7 months ago

Quzhou economy sees steady growth Jan-April

China Daily  

chinadaily.com.cn| Updated :2024-05-22 Quzhou in Zhejiang province experienced steady economic growth from January to April, with the added value of large-scale industries amounting to 19.87 billion yuan, a year-on-year increase of 12.2 percent, according to statistics released on May 21. Emerging industries, meanwhile, led the growth, with high-tech industries, high-end equipment manufacturing, core industries of the digital economy, and strategic …

China’s economy grew 5.3% in first quarter, beating expectations, though weak spots remain
8 months, 1 week ago

China’s economy grew 5.3% in first quarter, beating expectations, though weak spots remain

Associated Press  

HONG KONG — China’s economy grew faster than expected in the first quarter of the year with help from policies and stronger demand, though signs of weakness in the troubled housing market persisted. China’s economy has struggled to bounce back from the COVID-19 pandemic but gained momentum late last year as government policies to help the housing market and boost …

China's economy beats expectations, grows at 5.3% in first quarter: Top points
8 months, 1 week ago

China's economy beats expectations, grows at 5.3% in first quarter: Top points

Hindustan Times  

China’s economy beat expectations in the first quarter receiving a boost from policies and an increase in demand, the government said. China's economy has struggled to bounce back from the Covid pandemic as a slowdown in demand and a property crisis in the country has weighed on its growth prompting policymakers to introduce a raft of fiscal and monetary policy …

China’s economy beats expectations, growing 5.3 percent in first quarter
8 months, 1 week ago

China’s economy beats expectations, growing 5.3 percent in first quarter

Al Jazeera  

Statistics agency says economy has made ‘good start’ to the year under the leadership of Chinese President Xi Jinping. China’s economy grew faster than expected in the first three months of the year, a boost for policymakers grappling with a property-sector crisis, weak consumer demand and mounting government debt. The NBS said in a statement that the economy had made …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

China reports 5.3% GDP growth for Q1
8 months, 1 week ago

China reports 5.3% GDP growth for Q1

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-04-16 10:02 China's gross domestic product expanded by 5.3 percent year-on-year in the first quarter after a 5.2 percent rise in the fourth quarter, official data showed on Tuesday, boding well for a steady economic recovery in the following months. On a quarter-on-quarter basis, China's GDP grew by 1.6 percent in the first …

Is China’s economy finally bottoming out?
8 months, 3 weeks ago

Is China’s economy finally bottoming out?

Live Mint  

Better late than never: After a rough 2023 and early 2024, the first read on China’s economy in March points to a tentative rebound heading into the second quarter. Data released over the weekend showed China’s official factory purchasing managers index in March moving back above the 50-point level separating expansion from contraction for the first time since September. But …

PMI uptick another positive sign: China Daily editorial
8 months, 3 weeks ago

PMI uptick another positive sign: China Daily editorial

China Daily  

A staff member assembles a planter at the workshop of an agricultural machinery manufacturing enterprise in Jiamusi, Northeast China's Heilongjiang province on March 12. There was more good news for the Chinese economy as the manufacturing purchasing managers' index reached 50.8 percent in March, up 1.7 percentage points from February. It is an encouraging sign that all three major manufacturing …

China will continue to make strides, and contribute to global economy
9 months ago

China will continue to make strides, and contribute to global economy

China Daily  

An aerial drone photo shows a container vessel berthing at the smart zero-carbon terminal of Tianjin Port in North China on Feb 2. In the first two months of this year, China's total retail sales of consumer goods increased by 5.5 percent year-on-year, reflecting further strengthening of its consumption momentum. In January, 4,588 new foreign-invested enterprises were established in China, …

China's key economic indicators pick up pace
9 months ago

China's key economic indicators pick up pace

China Daily  

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 7 percent in the January-February period from a year earlier after a …

China's key economic indicators pick up pace
9 months ago

China's key economic indicators pick up pace

China Daily  

China's economy gained more steam in the first two months of 2024 with improvement in key indicators, including production and investment, the National Bureau of Statistics said on Monday. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 7 percent in the January-February period from a year earlier after a …

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