(Beijing Comprehensive News) The overall profit of Chinese industrial enterprises from January to October this year was dragged down by the outbreak of crown disease and the real estate market crisis in mainland China.
According to the news released by the China National Bureau of Statistics' website on Sunday (November 27), the income of industrial enterprises above designated size in mainland China increased by 7.6%year -on -year from January to October, but the growth rate of corporate revenue was from January to 9th.The month has slowed down, and the profit of industrial enterprises decreased by 3.0%year -on -year, and the decline was expanded by 0.7 percentage points from January to September.
Zhu Hong, a senior statistician of the Department of Industry of the National Bureau of Statistics of China, analyzed Xinhua News Agency that this was mainly because of "the first 10 months, affected by factors such as the increase of multiple issues and industrial producers from the rise of industrial producers in the first 10 months."
22 departments of 41 major industrial departments have decreased
Among the 41 major industrial departments, the profit of 22 departments has declined.The industry with the largest decline was black metal smelting and pressure -delayed industry, with a decrease of 92.7%.
The growth rate of the strong growth industry such as mining industry has also slowed down significantly. The profit of the mining industry from January to October is 60.4%, which is lower than the 76.0%increase from January to September.
According to Reuters, the formation of the above downturn data is caused by the sharp slowdown of the debt payment crisis and overall consumption expenditure in the real estate industry in the mainland.
Since the Chinese government launched 20 measures in November, the crown disease in mainland China has become more serious.
is not optimistic about the Chinese economic recovery analyst
Reuters pointed out that analysts are pessimistic about China's economic recovery.Analysts of Nomura Securities in Japan predict that China's GDP (GDP) in the fourth quarter of this year will shrink 0.3%compared to the first three months, and the year -on -year year -on -year growth forecast of the fourth quarter will be reduced from 2.8%to 2.4%.
At the same time, analysts of the Oxford Economic Research Institute believe that the scope of the Chinese government's blockade measures will expand, and the GDP growth rate of 2022 and 2023 will be reduced.
In order to change the status quo of economic weakness, the Chinese government recently launched a series of measures, including relaxation of crown disease control restrictions and financial support to the real estate market.The People's Bank of China decided on Friday (25th) that the deposit reserve ratio of financial institutions was reduced by 25 basis points, and the liquidity of about 500 billion yuan (S $ 95.84 billion) was released to support the recovery of China's economy.
