
Profits of Chinese industrial businesses dipped 0.4 percent year on year to 508.6 billion yuan about (82.8 billion U.S. dollars) in March, official data showed on Monday.
The decline narrowed sharply from a 4.2-percent slump in the Jan-Feb period, said the National Bureau of Statistics (NBS).
Dragged by the sagging performance in the first two months, China's industrial profits shrank by 2.7 percent in the first quarter to 1.25 trillion yuan, according to China's (Xinhua) News Agency.
The bureau's calculations include companies with annual revenues exceeding 20 million yuan.
NBS statistician He Ping attributed the improvement in March to lower raw material prices and operating costs, and higher investment returns in industrial businesses.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor