Industrial firms profits indicate robust recovery By ZHANG YUE | CHINA DAILY | Updated: 2021-06-28 06:59 Share CLOSE An employee polishes steel products at a Baowu Steel production facility in Maanshan, Anhui province, on March 5. LUO JISHENG/FOR CHINA DAILY
China s major industrial enterprises steady profit increases in the first five months of the year show the country s economy is on the right road to recovery, officials and experts said.
However, targeted policy support will be needed to help downstream industries and smaller businesses cope with rising costs and ensure sound economic fundamentals.
Figures released by the National Bureau of Statistics on Sunday showed that profits for China s major industrial enterprises rose 83.4 percent year-on-year in the first five months to over 3.42 trillion yuan ($530 billion). Major industrial companies refer to those with an annual business turnover of at least 20 mill
Economy gains firmer footing in April, NBS says
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Economy gains firmer footing in April, NBS says
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Upbeat figures suggest lasting GDP growth By ZHONG NAN in Beijing and LIU MINGTAI in Changchun | China Daily | Updated: 2021-04-05 09:23 Containers are unloaded from a ship at a port of Qingdao, East China s Shandong province, on Feb 17, 2020. [Photo/Xinhua]
Despite virus, foreign trade soars 32.2% in Jan-Feb, consolidating fundamentals
China s rosy foreign trade performance will sustain its GDP growth momentum in the first quarter of this year, consolidating the country s fundamentals for steady and sound economic growth in the post-pandemic era, observers and business leaders said.
With the country s foreign trade soaring 32.2 percent year-on-year to 5.44 trillion yuan ($828.6 billion) in the first two months of the year, they projected that China s economy and opening-up will add greater impetus to the global business recovery in the first quarter and give support to its 6-plus percent GDP target for 2021.
Manufacturing PMI edges up in March By ZHANG YUE and ZHOU LANXU | CHINA DAILY | Updated: 2021-04-01 07:09 People work on a production line at Qingdao Jifa Group in Jimo district of Qingdao, East China s Shandong province, on Feb 18, 2021. [Photo/Xinhua]
The purchasing managers index for China s manufacturing sector came in at 51.9 in March, up from 50.6 in February, data from the National Bureau of Statistics showed on Wednesday, indicating a faster-than-expected recovery and soaring demand from the wider economy.
The bureau s figures show that the PMI for large businesses was 52.7 percent, while it was 51.6 percent for medium-sized enterprises and 50.4 percent for small firms, all up from the February levels.