China-Industrial Profits/Q1
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots buildings, traffic
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
2. Various of auto production line
FILE: Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of smart production line
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Various of factory interior
5. Aerial shot of trucks
6. Various of machines in operation
FILE: Guangdong Province, south China - 2024 (CCTV - No access Chinese mainland)
7. Various of automatic machines in operation, production line
FILE: Yiwu City, Zhejiang Province, east China - 2024 (CCTV - No access Chinese mainland)
8. Various of people working at sun protection product factory, cloth
China's industrial profits rose 4.3 percent in the first quarter of 2024, reversing a decline of 2.3 percent in 2023, government data showed on Saturday.
Fueled by companies' improved production and increased sales amid a recovery of domestic demand and policy support, in the first three months, profits of industrial enterprises above designated size totaled over 1.505 trillion yuan (about 212.04 billion U.S. dollars), marking three consecutive quarters of gain, the National Bureau of Statistics (NBS) announced.
Industrial enterprises above designated size are manufacturers with annual revenue from principal business reaching 20 million yuan or above.
Meanwhile, the business revenues of these industrial firms also rose 2.3 percent year on year, 1.2 percentage points higher than that of the whole of 2023, also achieving positive economic growth for three consecutive months, the bureau added.
Notably, manufacturing industry emerged as a top performer in the January-March period, with profits recording a year-on-year increase of 7.9 percent to around 1.017 trillion yuan (about 143.29 billion U.S dollars).
In breakdown, the profits of the high-tech manufacturing and equipment manufacturing sectors increased by 29.1 percent and 18 percent, respectively, from the growth rates registered in the previous year. During the same period, profits in the consumer goods manufacturing industry experienced a year-on-year growth of 10.9 percent, achieving double-digit growth in three consecutive quarters.
The NBS added that among the 41 industrial categories monitored by the bureau, 28 recorded year-on-year growth in profits.
China-Industrial Profits/Q1
Dateline : File
Location : China
Duration : 1'33
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots buildings, traffic
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
2. Various of auto production line
FILE: Guangdong Province, south China - Date Unknown (CCTV - No access Chinese mainland)
3. Various of smart production line
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
4. Various of factory interior
5. Aerial shot of trucks
6. Various of machines in operation
FILE: Guangdong Province, south China - 2024 (CCTV - No access Chinese mainland)
7. Various of automatic machines in operation, production line
FILE: Yiwu City, Zhejiang Province, east China - 2024 (CCTV - No access Chinese mainland)
8. Various of people working at sun protection product factory, cloth
China's industrial profits rose 4.3 percent in the first quarter of 2024, reversing a decline of 2.3 percent in 2023, government data showed on Saturday.
Fueled by companies' improved production and increased sales amid a recovery of domestic demand and policy support, in the first three months, profits of industrial enterprises above designated size totaled over 1.505 trillion yuan (about 212.04 billion U.S. dollars), marking three consecutive quarters of gain, the National Bureau of Statistics (NBS) announced.
Industrial enterprises above designated size are manufacturers with annual revenue from principal business reaching 20 million yuan or above.
Meanwhile, the business revenues of these industrial firms also rose 2.3 percent year on year, 1.2 percentage points higher than that of the whole of 2023, also achieving positive economic growth for three consecutive months, the bureau added.
Notably, manufacturing industry emerged as a top performer in the January-March period, with profits recording a year-on-year increase of 7.9 percent to around 1.017 trillion yuan (about 143.29 billion U.S dollars).
In breakdown, the profits of the high-tech manufacturing and equipment manufacturing sectors increased by 29.1 percent and 18 percent, respectively, from the growth rates registered in the previous year. During the same period, profits in the consumer goods manufacturing industry experienced a year-on-year growth of 10.9 percent, achieving double-digit growth in three consecutive quarters.
The NBS added that among the 41 industrial categories monitored by the bureau, 28 recorded year-on-year growth in profits.
ID : 8374237
Published : 2024-04-27 11:39
Last Modified : 2024-04-27 20:45:49
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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