The country’s industrial companies saw an easing of profit growth in the first quarter of this year, suggesting economic recovery in the world’s second largest economy has uneven momentum.
In the first quarter, the profit of industrial companies with an annual revenue of 20 million yuan ($3.24 million) or more grew 12.1 percent from a year earlier to 1.17 trillion yuan, in contrast to the 17.2 percent gain in the first two months of this year, the National Bureau of Statistics commented on its website on Saturday.
March saw registered profits of 464.9 billion yuan, an increase of 5.3 percent from a year earlier, significantly slower than the first two months, the bureau said.
Read Full Article H ERE
Li Jiabao via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/VDDPbRYca4o/
No comments:
Post a Comment