Mainland Industrial Profits Down 2.3 Pc
"); jQuery("#212 h3").html("
"); });
2022-10-27 HKT 13:41
Share this story
Profits at China's industrial firms fell at a faster clip in the January-September period amid Covid-19 and property woes that weighed on factory activity.
According to data from the National Bureau of Statistics, industrial firms with annual main business revenue of at least 20 million yuan saw their combined profits reach 6.24 trillion yuan, down 2.3 percent year on year.
Profits fell 2.1 percent in the first eight months of the year.
While September activity data showed strong industrial output, some analysts have expressed concerns that a slowdown in the property market, slower exports and weak retail sales are clouding the outlook for a more robust recovery in the longer term. (Additional reporting by Xinhua, Reuters)
US Stocks Rise On Hopes Of Pause In Rate Increases
Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more
China's Financial Risks 'controllable': Regulators
The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more
Banks Cut Yuan Deposit Rates, Could Boost Consumption
China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more
Cheese And Wine Put EU, Australia Deal In Peril
Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more
US Stocks End Mixed As Tech Shares Are Sold Off
Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more
Amazon 'plans Prime Video Streaming Service With Ads'
Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more