China’s industrial companies show the slowest surge for 7 months

China’s industrial companies show the slowest surge for 7 months

In November, revenues at China's industrial companies ascended at their slowest tempo for seven months because demand as well as producer price leaps relieved in further confirmation of ebbing surge in the world's number two economy.

The lower income actually underscores rather a delicate balancing act for the government as it extends a campaign to reduce the country’s reliance on credit-intensive investment without affecting the national economy.

In November, revenues rallied 14.9% hitting 785.8 billion Yuan, according to the National Bureau of Statistics. It marked the slowest monthly surge rate since April's outcome of 14.0%.

In November, revenues were suppressed by a slower tempo of price surges versus previous months.

Market experts noted that November's sag in producer price inflation to 5.8% from 6.9% in October happened to be one of the biggest in 2017.

More than half of the jump in revenues in Jan-Nov came from washing, coal mining, steel and iron smelting, natural gas and crude extraction, processing.

Similar

German ZEW economic sentiment tacks on in January

In January, German economic sentiment inched up more than anticipated, while the current conditions index reached a record maximum, driving optimism over the strength of the EU’s number one economy, as industry data reported on Tuesday…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera