if you are interested in it ,
Get free samples :sales@edabearings.com
After a short sharp jump in March, China's industrial enterprises'profits in April increased again negatively from the same period last year, which was directly related to the early release of industrial product demand as a result of the fall in value-added tax rate in April and the higher base in the same period last year. According to the National Bureau of Statistics, profits grew by an average of 5.0% in March and April.
From January to April as a whole, the profits of major industries such as iron and steel, petroleum processing, petroleum exploitation and chemical industry improved, and nearly 70% of them increased year on year. At the same time, the ratio of assets to liabilities of industrial enterprises continued to decline at the end of April.
China's National Bureau of Statistics announced on Monday that in April, the total profits of Industrial Enterprises above the national scale reached 5,153.9 billion yuan, down 3.7% from the same period last year, and increased 13.9% in March. From January to April, the cumulative profit was 1,812.94 billion yuan, down 3.4% year-on-year, slightly more than the decline of 3.3% in January-March.
"As a result of the reduction of VAT tax rate on April 1, the demand for some industrial products was released ahead of time in March. In addition, with a high base in the same period, the profits of Industrial Enterprises above the scale fell by 3.7% in April compared with the same period last year, which fluctuated greatly compared with March." Zhu Hong, Senior Statistician of the Industrial Department of the National Bureau of Statistics, said when interpreting the data.
PREVIOUS:China's soybean imports rose in April NEXT:Fiat Chrysler confirmed merger with Renault
