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Profits of China's main industrial companies rise 106 pct January through April

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Shanghai/Beijing, May 27 (EFE/EPA).- May 27 (EFE).- The profits of China's main industrial companies increased 106.1 percent year-on-year in the first four months of the year, according to official data published by the National Bureau of Statistics (NBS) on Thursday.The agency points again to the base effect – China was hit worst by the pandemic during the first months of 2020 – and offers an alternative data, that the average growth rate over the past two years sits at 22.3 percent.In April alone, Chinese industrial companies earned 57 percent more year-on-year, although this is a lower growth rate by 35.3 percentage points than in March. (Camera: ARCHIVE). ARCHIVE FOOTAGE SHOWS PEOPLE WALKING TROUGH A SUPERMARKET, STREETS AND A SHOPPING MALL IN SHANGHAI AND BEIJING, CHINA.

Added on the 27/05/2021 14:00:00 - Copyright : EFE Inglés

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