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| Tweet Topic Started: May 16 2018, 08:49 AM (16 Views) | |
| missDior | May 16 2018, 08:49 AM Post #1 |
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Financial reform plans unveiled to serve real economy in sustainable manner 49 people rescued on South China Sea island China renews blue alert for Typhoon Talas Weekly choices of Xinhua photo (July 10 - July 16) Highlights of Miss Philippines Earth coronation night In pics: China's CH-5 drone completes trial flight Chinese aircraft carrier formation conducts coordination training Lotus flowers blossom at ancient town in SW China BEIJING, Sept. 27 (Xinhua) -- China's major industrial firms posted stronger profit growth in the first eight months of this year as producer prices went up and production costs came down Wholesale Phoenix Suns Jerseys , the National Bureau of Statistics (NBS) said Wednesday. Industrial companies with annual revenue of more than 20 million yuan (about 3.02 million U.S. dollars) reported profits of 4.92 trillion yuan in the first eight months, a 21.6-percent increase from one year earlier, the NBS said in a statement. 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In August, the oil and natural gas exploitation industry's profits went up 4.94 billion yuan from a year ago Wholesale Oklahoma City Thunder Jerseys , but in July, it suffered a decrease of 1.03 billion yuan in profits. Meanwhile, for each 100 yuan of revenue, companies had to spend 85.44 yuan, a 0.64-yuan decrease from the same period last year Wholesale New York Knicks Jerseys , NBS data showed. He also mentioned that the leverage ratio of Chinese industrial firms is on the decline amid the government's ongoing supply-side structural reform. By the end of August, their debt-asset ratio dropped 0.7 percentage points from a year ago to 55.7 percent. The industrial sector, which accounts for about one-third of China's GDP, started to pick up last year after a bad 2015. The upbeat August profits data has added to evidence of resilience in the sector and steady improvement in the overall economy. 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