国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

China / China

Industrial profits up

By Xin Zhiming (China Daily) Updated: 2016-11-28 08:06

Initial signals of stabilization are apparent, analysts say; key index shows positive signs

China's industrial profit growth came in at 9.8 percent year-on-year in October, up from 7.7 percent the previous month, a positive sign for the country's economic restructuring and macroeconomic stabilization.

The accelerated profit growth was attributable to the growth of sales revenues, rising producer prices and strong profit growth in the chemical, coal and general equipment sectors, the National Bureau of Statistics said in a statement.

China's producer price index, which measures factory gate prices and indicates a level of economic activity, rose 1.2 percent year-on-year in October, up from 0.1 percent in September, showing improvement in domestic demand for industrial products, said NBS official He Ping in an article published on the ministry's website.

The rising industrial profit level in October is a sign of improving balance sheets of enterprises, He said, noting that profit ratios of industrial enterprises rose and their costs dropped.

He said China's supply-side structural reforms have made solid advancement as indicated by the October reading of industrial profits. The stock, leverage ratio and cost level of enterprises all dropped in October, he said.

In the first 10 months, total industrial profits expanded 8.6 percent year-on-year, faster than the 8.4 percent rise in the first three quarters, the NBS said.

Profits in the coal mining sector rose 112.9 percent from January to October year-on-year, while manufacturing profits rose 13.2 percent.

"Although October's industrial profit growth picked up, the structure of growth has yet to improve," He said.

"Profits in traditional raw materials production increased relatively quickly," he said, adding that the profit growth in high technology and equipment manufacturing slowed.

According to Jiang Chao, chief macroeconomics analyst at Haitong Securities, "although industrial profit growth picked up in October, it is still lower than the level in July and August. The upstream industries, such as mining, saw improvement in profits, but the downstream sectors suffered."

China's economy has shown initial signs of stabilization, analysts said. For example, the manufacturing purchasing managers' index, a key measure of economic vitality, rose to 51.2 in October, up 0.8 from the previous month.

Boosted by improving corporate profit situations and a stabilizing job market, China can meet its preset GDP growth target of at least 6.5 percent year-on-year for this year, according to Zhu Baoliang, head of the economic forecasting department of the State Information Center.

xinzhiming@chinadaily.com.cn

 

Highlights
Hot Topics

...
乌审旗| 扎赉特旗| 若尔盖县| 湟源县| 望都县| 阿图什市| 万荣县| 崇礼县| 大名县| 兰州市| 南华县| 郴州市| 星子县| 土默特左旗| 夏津县| 丹东市| 元氏县| 建水县| 饶平县| 肇源县| 黔东| 金堂县| 厦门市| 石景山区| 仁怀市| 莆田市| 中卫市| 黄梅县| 哈尔滨市| 万山特区| 云和县| 浪卡子县| 舞钢市| 咸阳市| 繁昌县| 临沧市| 阿尔山市| 陕西省| 农安县| 化州市| 新竹市|