The profit of industrial enterprises above designated size in the first nine months of this year decreased by 9.0%year -on -year, and the decline was narrowed by 2.7 percentage points compared to the previous eight months.
The data released by the National Bureau of Statistics of China on Friday (October 27) shows that from January to September this year, the total profit of industrial enterprises above the national size of the country achieved a total profit of 5411.999 billion yuan (RMB, the same below, about 1012.5 billion yuan, about 1012.5 billion yuanNew Yuan), a year -on -year decrease of 9.0%.
Among them, in September, industrial enterprises above designated scale increased their profits by 11.9%year -on -year, which increased for two consecutive months.According to Reuters, this further shows that the Chinese economy is stabilizing after the Chinese government's launch of a package of economic support policies.
Bloomberg also analyzed that the continuous improvement of industrial profits showed that as the Chinese government increased measures to stimulate economic growth, enterprises may be close to the end of the destocking cycle and demand began to recover.
As consumers have increased their expenditures from catering to cars, the Chinese economy has gained growth momentum in the third quarter.The three -month economic data as of September is better than expected, which means that China may achieve a total annual growth goal of about 5%this year.In September alone, China's industrial output value maintained a 4.5%growth, better than the expectations of economists.
According to data from the National Bureau of Statistics, from January to September this year, among industrial enterprises above designated size, state -owned controlling enterprises achieved total profits of 1847.7 billion yuan, a year -on -year decrease100 million yuan, a decrease of 8.7%; foreign companies, Hong Kong, Macao and Taiwan business -investment enterprises achieved a total profit of 1287.81 billion yuan, a decrease of 10.5%; private enterprises achieved total profits of 1438.5 billion yuan, a decrease of 3.2%.
In addition, from January to September this year, the total profit of the mining industry was 992.81 billion yuan, a year -on -year decrease of 19.9%;The total profit of the water production and supply industry was 528.11 billion yuan, an increase of 38.7%.
But Bloomberg reported that as China's housing prices and real estate investment continued to shrink, they still seriously dragged down their economic prospects, and their profitability was also uncertain.
