By Chen Yang China's shipbuilding industry, which ranks second in the world in terms of tonnage and number of vessels built, will continue to struggle due to the global recession, even if new orders increase in the second half of this year, said experts at a forum held in Beijing yesterday. Chin...
China's industrial profit declined 17.3% year on year to RMB 1.11 trillion in the first seven months of this year, according to statistics released by the National Bureau of Statistics on Friday.The decrease rate is 3.8 percentage points less than the decline in the first half of this year.The combined operating revenue of...
Guangzhou in July saw its exports of industrial products grow 2.3% year on year to RMB 20.96 billion after a string of six monthly declines in exports, according to statistics released by the Statistics Bureau of Guangzhou Municipality.The growth of industrial exports was mainly driven by a surge in exports of...
China's industrial output is likely to increase 11.5% year on year in the third quarter of this year, said Zhu Hongren, spokesman of the Ministry of Industry and Information Technology, at a press conference for the 2009 summer report on China's industrial economy. Zhu also said that China's industrial output may grow...
By Li Qiaoyi The country's industrial economy has been on the recovery track, but still faces some problems, according to the summer report on the country's industrial economic operation published yesterday. The slowdown in industrial growth has bottomed out, and the overall industrial economy h...
Sany Heavy Industry Co Ltd<600031> yesterday announced that its net profit reached RMB 792.52 million in the first half of this year, a year-on-year decline of 2.89% from RMB 816.1 million, dragged down by weak overseas exports amid the economic turmoil, sources reported. In the period from January to June, the...
By Tu Lei Saudi Arabia and other oil-rich Middle East countries will produce and export huge quantities of inexpensive petrochemical products by 2012, a development that could be a blow to the industry in China, industry experts said yesterday. The Middle East countries are currently building th...
Zhejiang Materials Industry Group Corp, a state-owned enterprise mainly engaged in domestic and international trade of productive materials, on Thursday announced that it will issue 365-day financing bills on the interbank market on Aug. 27, sources reported.The company hopes to raise up to RMB 1 billion...
By Peng Yining The development of low-carbon industries brings China great economic opportunities, and an increasingly central role in solving the climate change challenge, Tony Blair, former prime minister of Britain, said at a press conference held by the Climate Group yesterday in Beijing. As...
China's shipbuilding enterprises received new shipbuilding orders totaling 4.1 million dead weight tons in July, accounting for nearly 70% of the world's total, according to statistics released by the China Association of the National Shipbuilding Industry. It is the second consecutive month that China has...