China's September industrial revenues ascend most in almost six years

China's September industrial revenues ascend most in almost six years

In September, revenues for China's industrial powerhouses edged up the most in almost six years because government crackdown on air pollution drove fears of winter supply shortages and also backed prices of finished goods, including copper and steel.

Sustained earnings ascend will provide China's policymakers with more room to restructure bloated as well as often inefficient state-owned enterprises dominating the industrial landscape and accounting for a hefty portion of China’s corporate debt.

In September industrial revenues grew 27.7% from 2016 to 662.18 billion yuan, speeding up from a 24% soar in August, as the National Bureau of Statistics informed on its website on Friday. 

It turned to be the steepest revenue since December 2011, when gains surged 31.5%.

For the first 9 months of 2017, Chinese firms managed to increase gains of 5.58 trillion yuan, which is 22.8% more compared to the same period of 2016.

Similar

What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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