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In March revenues earned by China's industrial companies grew 23.8% from a year earlier, actually buoyed by an ongoing boom in the real estate sector, although the surge was off multi-year peaks observed in previous months.
Revenues in March inched up to 688.7 billion Yuan, as the National Bureau of Statistics revealed on its website on Thursday.
In the first quarter, industrial revenues ascended 28.3% to 1.7 trillion Yuan, sliding from surge of 31.5% in the first two months.
A construction boom in China has spurred sales as well as prices of building materials, recovering revenues for long-ailing "smokestack" industries, including smelters and steel mills.
However, some experts point out that producer price inflation is actually peaking that could potentially temper profitability as well as new investment later this year.
Decent first-quarter revenues along with a surge of 14.1% in fiscal revenue have formed an excellent foundation for improved surge quality in 2017, as some financial experts state.
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…
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…
Find out the most important events for this week
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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