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Nov 29, 2021SUBSCRIBE NOW

China Industrial Sector Corporate Profit Increases 16.3% in September; Growth Accelerates Despite High Costs

[Beijing, 27th Reuters] --The National Bureau of Statistics of China announced on the 27th that the industrial profit of the industrial sector in September was 738,740 million yuan ($ 115,720 million), an increase of 16.3% from the same month of the previous year. Profit growth was higher than 10.
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Times of India
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China industrial profit growth accelerates in Sept despite cost pressures

The industrial sector has been hit by the surging price of coal, supply shortages and power rationing triggered by coal shortages due to emission reduction targets. But Beijing has taken a raft of measures to curb elevated metals prices and ease the country's power crunch, including urging coal miners to boost output and manage electricity demand at industrial plants.

1 month ago|Mumbai, India
Reuters
ReutersC

China Industrial Sector Corporate Profit Increases 16.3% in September; Growth Accelerates Despite High Costs

[Beijing, 27th Reuters] --The National Bureau of Statistics of China announced on the 27th that the industrial profit of the industrial sector in September was 738,740 million yuan ($ 115,720 million), an increase of 16.3% from the same month of the previous year. Profit growth was higher than 10.1% in August, driven by the mining and raw material industries, although profits were squeezed by high costs and supply constraints. The Chinese govern…

1 month ago|United Kingdom
South China Morning Post
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China’s industrial firms defy power crisis to accelerate profit growth

Profits at China’s industrial firms rose at a faster pace in September despite surging prices and supply bottlenecks, thanks mainly to stellar growth in mining and raw materials industries although some businesses struggled to shake off the high costs.Profits jumped 16.3 per cent year on year to 738.74 billion yuan (US$115.7 billion) the National Bureau of Statistics (NBS) of China said on Wednesday, quickening from the 10.1 per cent gain report…

1 month ago|Hong Kong
Today
Today

China industrial profit growth accelerates in Sept despite cost pressures

BEIJING - Profits at China's industrial firms rose at a faster pace in September despite surging prices and supply bottlenecks, thanks mainly to stellar growth in mining and raw materials industries although some businesses struggled to shake off the high costs.

1 month ago|Singapore
OAN
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China industrial profit growth accelerates in Sept despite cost pressures

October 27, 2021BEIJING (Reuters) – Profits at China’s industrial firms rose at a faster pace in September despite surging prices and supply bottlenecks, thanks mainly to stellar growth in mining and raw materials industries although some businesses struggled to shake off the high costs. Profits jumped 16.3% on-year to 738.74 billion yuan ($115.72 billion) the statistics bureau said on Wednesday, quickening from the 10.1% gain reported in Au…

1 month ago|San Diego, United States
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