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In the first nine months of 2018, the petrochemical companies of China received a total profit of 712 billion 100 million yuan, which is 45.2% more than in the same period of 2017. Such data are cited by the Ministry of Industry and Information Technology of China. According to the Xinhua news agency, the profits of the petrochemical industry accounted for 14.3% of the total profits of the largest Chinese enterprises. Their assets at the end of September amounted to 12 trillion 750 billion yuan, having increased over the specified period by 6.1% in annual terms. China's petrochemical companies for the first 9 months exported products in the amount of 521 billion 660 million yuan. The annual growth rate was 22.8%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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