China March industrial revenue surges 23.8% on property

China March industrial revenue surges 23.8% on property

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.  

 

 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

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