New Abs Case Tape Measuring,Low Price Measuring Tape,Colorful Measuring Tape HENAN BONTHE MEASURING TOOLS. CO., LTD , https://www.tapemeasureb.com
National industrial profit growth further declines, economic growth continues to slow down
The year-on-year growth rate of profits of industrial enterprises above designated size has further declined, indicating that economic growth has continued to slow down. According to data released by the National Bureau of Statistics on the 27th, in the first four months of this year, the profits of industrial enterprises above designated size reached 1,466.9 billion yuan, a year-on-year increase of 29.7%. Hao Daming, a macroeconomic analyst at Minsheng Securities, said that the year-on-year growth rate of profits of industrial enterprises above designated size has continued to fall. It was 34% in the first two months of this year and 32% in the first three months, indicating that economic growth has continued to slow down. According to statistics released by the Bureau of Statistics, China's industrial added value increased by 13.4% year-on-year in April, an increase of 0.93% from the previous month, and the growth rate showed a significant decline. The previously announced HSBC PMI initial value data hit a new 10-month low. Analysts pointed out that industrial production has gradually slowed down due to factors such as declining automobile sales, inventory adjustments and power shortages. In this context, major institutions at home and abroad have recently lowered their expectations for economic growth throughout the year. Guotai Junan pointed out in the research report that the industrial production in April fell more than expected, and it is expected that the industrial growth rate will continue to fall in the future, while the industrial-based secondary industry accounts for nearly half of the gross domestic product (GDP). Therefore, The annual GDP growth rate was reduced from 9% to 8.8%. Goldman Sachs lowered its forecast for China's economic growth to 9.4% from the previous 10%, while Credit Suisse also lowered China's economic growth rate this year to 8.8%. However, analysts also pointed out that since last year, China's inflation expectations have remained high, and the economic growth rate is the normal result of the country's initiative to regulate inflation expectations, without worrying too much. "This year is the first year of the '12th Five-Year Plan'. The local investment impulse is still strong, and the investment growth rate will still maintain a high growth rate. It is expected that the economic growth rate will rebound in October, and the annual economic growth will remain at around 9%. Hao Daming said. In addition, the data shows that among industrial enterprises above designated size, state-owned and state-owned holding enterprises realized a profit of 502.9 billion yuan, a year-on-year increase of 21.5%; joint-stock enterprises realized a profit of 835.9 billion yuan, a year-on-year increase of 34.7%; private enterprises realized a profit of 376.6 billion yuan. Growth of 47.4%. In terms of industries, in the first four months of this year, among the 39 major industrial sectors, 35 industries saw a year-on-year increase in profits, and three industries declined year-on-year. One industry turned from a loss to a profit in the same period. As a result of rising raw material prices, industry profits in the upstream of the supply chain continue to grow. Data show that oil and gas exploration industry profits increased by 35.4% year-on-year, ferrous metal mining and dressing industry increased by 71.6%, chemical raw materials and chemical products manufacturing increased by 59.5%. As a result of the increase in coal prices, electricity and heat production and supply industries showed negative growth, with profits falling by 0.3%.