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During the period from January to September, large industrial enterprises of China increased their profit by 14.7% compared with the figure a year earlier, after its growth by 16.2% in the first 8 months. Thus, data from the National Bureau of Statistics in China showed a slowdown in the growth of industrial profits in the country. The growth rate was noted in 34 of 41 studied industries. The best results were shown by such industries as steel, petrochemical and construction. In September, Chinese industrial enterprises, revenues of which exceeded 20 million yuan a year, increased profits by 4.1% in annual terms, compared with an increase of 9.2% in August. The September slowdown was caused by a decrease in the growth of production and sales of industrial enterprises.
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, ...
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, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy