There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
China industrial revenues leap 19.1% year on year
In June, earnings for China's industrial companies ascended 19.1% percent from a year earlier, soaring from May in a sign that economic momentum is still solid even as soaring borrowing costs have driven worries regarding pressure on margins.
In June, revenues grew to 727.78 billion Yuan, as the National Bureau of Statistics informed on Thursday on its website.
For the first half of 2017, the industrial companies notched up gains of 3.63 trillion Yuan, which is a 22% leap from the same period of the previous year and a bit slower from the 22.7% annual surge in the January-May period.
June’s robust surge of industrial earnings was partly driven by ongoing appetite for iron ore as well as other commodities, whose prices have revived modestly having taken a hit since March.
As statistics bureau official He Ping informed in a statement accompanying the report that accelerated revenue surge in steel, car and electronics sectors helped to spur overall earnings.
Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…
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