- Write by:
-
Sunday, September 27, 2020 - 11:20:56 AM
-
502 Visit
-
Print
Mining News Pro - Profits of China`s major industrial firms totaled 612.81 billion yuan (about 90 billion U.S. dollars) in August, increasing by 19.1 percent year on year, data from the National Bureau of Statistics (NBS) showed Sunday.
The growth narrowed 0.5 percentage points from July.
In the first eight months of the year, the profits of major industrial firms declined 4.4 percent to 3.72 trillion yuan, narrowing 3.7 percentage points from the January-July period.
Profits of state-controlled industrial firms dropped 17 percent from one year earlier to 950.94 billion yuan, while those of private ones shrank 3.3 percent year on year to 1.07 trillion yuan.
During the January-August period, profits of the mining industry slumped 38.1 percent, and manufacturing industry profits decreased by 1 percent.
Profits in 16 of the 41 surveyed industrial sectors rose compared with the same period last year, while 25 sectors saw their profits fall, according to the NBS.
Major industrial companies refer to those with an annual business turnover of at least 20 million yuan.
Short Link:
https://www.miningnews.ir/En/News/605470
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised ...
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP ...
Jiang Weiping, the founder of major Chinese lithium producer Tianqi Lithium Corp., resigned as chairman after the ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
China’s Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company ...
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines ...
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with ...
A new report by IDTechEx states that investing in e-haul trucks could result in major savings for miners due to the ...
No comments have been posted yet ...