China's industrial companies withstood a broad government crackdown on financial risks because revenues kept rallying the previous month in a stabilizing force for the world's number two economy that has started cooling moderately for recent months.
The country’s vast industrial sector has been spurred by a year-long as well as government-led construction spree, assisting to raise demand and also prices for building materials and taming higher borrowing costs.
In October, heavy industry and mining contributed to the biggest revenues in October, generating overall industrial revenues by 25.1% year-on-year to about 745.4 billion Yuan versus a 27.7% leap in September, as the National Bureau of Statistics informed on Monday.
Notwithstanding the moderate slowdown, October's surge rate still appears to be the second-highest outcome for a single month in 2017, and overall revenues are on pace to top last year’s record of 6.88 trillion Yuan.
In June, German business confidence slipped to its lowest value for more than a year, thus dropping a hint that the mood among company executives in the EU’s number one economy is worsening as the world is getting closer to a full-fledged trade conflict…
The Australian corporate regulator might require playing a greater role in regulating agricultural finance considering the absence of redress options for borrowers, as it shifted its attention to Australia’s $50 billion farm sector…
In June, American private sector activity speeded down, as follows from survey data uncovered on Friday…
On Monday, Asian shares shook off a sluggish start and stabilized, with Japan outperforming on positive earnings…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
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