China's industrial profit up 71.8% in H1
GOV.cn Wednesday, July 28, 2010

Profits at Chinese industrial enterprises in 24 regions climbed 71.8 percent year on year to 1.61 trillion yuan (237.5 billion U.S. dollars) in the first six months, the National Bureau of Statistics (NBS) said Wednesday.

The growth rate was 11.2 percentage points lower than that in the first five months, the NBS said in a statement.

Combined revenues for the enterprises totaled 25.9 trillion yuan in the first half of the year, up 36.5 percent from a year earlier - a growth rate 2.4 percentage points lower than in the January-to-May period.

Most of the 39 major industries posted year-on-year profit growth.

The 24 regions comprise all of the Chinese mainland provinces, municipalities and autonomous regions except the Inner Mongolia and Tibet autonomous regions; Hunan, Guangdong, Hainan and Yunnan provinces; and Chongqing.

China's industrial value-added output expanded 17.6 percent year on year in the first half of the year. But month-on-month growth began to slow in March, with June's growth at 13.7 percent year on year.

Related:

China's economy still on track despite Q2 growth slowdown 

BEIJING, July 15 (Xinhua) -- Economic data Thursday confirmed market expectations China's economic growth rate has slowed but officials said the country's economy is still on track.

The world's third largest economy expanded at a 10.3-percent year-on-year rate in the second quarter, slower than the 11.9-percent growth in the first quarter and the 10.7-percent growth in last quarter of 2009, the National Bureau of Statistics (NBS) said Thursday. Full story

China's June CPI rises 2.9%

BEIJING, July 15 (Xinhua) -- China's consumer price index (CPI), the main gauge of inflation, rose 2.9 percent year on year in June, the National Bureau of Statistics (NBS) said Thursday.

The June figure was down from the 3.1 percent rise in May and below market estimates that ranged from 3.1 percent to 3.5 percent. Full story

CPI

PPI

 GDP 

 Retail sales

Fixed-asset investment

 Industrial value-added output 

Up 2.9%    Up 6.4% Up 11.1%  Up 18.2% Up 25%  Up 17.6% 

Inflation pressure on China rising but still manageable

BEIJING, July 13 (Xinhua) -- "Though the inflationary pressures on China are increasing in the first half of the year, it is still manageable," Jong-Wha Lee, Chief Economist with the Asian Development Bank (ADB), said here on Tuesday. Full story

Shifting gears for a banlanced economy

BEIJING, July 12 (Xinhuanet) -- A sharp decline in the trade surplus during the first half of 2010 indicates that China, the world's fastest-growing major economy, has significantly lifted domestic demand to drive double-digit economic growth.  Full story

Special Report: Global Financial Crisis

 
Editor: Pliny Han
Source: Xinhua