Chinese official data shows that China's profit from industrial enterprises has fallen sharply from January to February, but officials predict that profits will gradually rise.
The official website of the National Bureau of Statistics of China announced on Monday (March 27) that the total profit of industrial enterprises above designated size from January to February fell 22.9%year -on -year.
Sun Xiao, the Statistics Department of the National Bureau of Statistics, introduced that the total decline in profit is related to many factors such as volume and price.Although industrial production has recovered, market demand has not yet fully recovered.
However, Sun Xiao predicts that with the recovery of production and living order in the next stage, the market demand has gradually recovered, the level of production and sales connection will increase, the base effect will weaken, and the profit of industrial enterprises will gradually rise.
