-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanshan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Budding Writers
-
Fun
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Shopping
-
Business_Markets
-
Restaurants
-
Travel
-
Investment
-
Hotels
-
Yearend Review
-
World
-
Sports
-
Entertainment
-
QINGDAO TODAY
-
In depth
-
Leisure Highlights
-
Markets
-
Business
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Business_Markets -> 
Industrial profit growth rebounds to 6-month high
    2018-05-28  08:53    Shenzhen Daily

PROFITS earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics (NBS) showed yesterday, as factories benefited from higher prices and strong demand.

Profits in April rose 21.9 percent year on year to 576 billion yuan (US$90.14 billion), the quickest since October, bringing gains for the first four months of 2018 to 15 percent.

The data suggest China’s industrial sector is still seeing solid growth momentum despite curbs on pollution and rocky trade relations with the United States.

Last month’s rebound was helped by lower comparison figures for April 2017, higher factory prices and stronger demand, He Ping, head of the NBS’ industrial division, said in a statement.

It was a significant improvement over March’s 3.1-percent growth that was the slowest in over a year and which government officials had blamed on the timing of the Lunar New Year holiday.

The higher April data should help ease concerns of slowing momentum in China’s economy as the country implements tougher pollution controls on “smokestack” industries and cash-strapped regional governments cut back on big investment projects, curbing demand for building materials.

Profit growth for Chinese industrial firms has softened from last year’s strong pace as factory gate price gains weaken. In the first four months of 2017, profits rose 24.4 percent.

China’s producer price inflation picked up to 3.4 percent in April from March but was much lower than 6.4 percent in the year-ago period.

April’s rebound was led by the steel, chemicals and automobile industries, said He, as profits for iron and steel processing firms rose 260 percent in April.

(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn