China's corporate profits have increased for a fourth month in December, supporting the ongoing recovery in the world's second largest economy.
Profits of industrial companies in the country rose 17.3 percent in December to 895bn yuan ($144bn, €107bn, £91bn) from the same month a year ago, according to China's National Bureau of Statistics (NBS). In November, year-on-year growth rate was 22.8 percent.
For the full year, profit improved by 5.3 percent. The state-owned and state-holding enterprises witnessed a... (Continue Reading)
No comments:
Post a Comment