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BerichtGeplaatst: 28-08-2018 04:21:45    Onderwerp: DeMarcus Cousins Jersey Reageren met citaat
BEIJING Langston Galloway Jersey , April 27 (Xinhua) -- China's major industrial firmscontinued to post double-digit growth in profits in March, addingto signs of a stabilizing Chinese economy, official data showedThursday.


The companies reported a 23.8-percent year-on-year profit growthlast month, slowing from 31.5 percent in January and February butstill much faster than the 8.5-percent increase in 2016, accordingto the National Bureau of Statistics (NBS).


In the first three months of the year, profits of majorindustrial firms rose 28.3 percent year on year, the NBS said in astatement.


The profit growth was supported by rising commodity prices Khyri Thomas Jersey ,improved demand and expectations, as well as higher productivity,according to an analysis note from China Merchants Securities(CMS).


In the first quarter of 2017, major industrial firms saw profitmargins of their primary business edge up 0.68 percentage points to6.13 percent.


It was the first time the profit margin climbed above 6 percentsince 2014, reflecting a better industrial structure and increasedefficiency, the CMS said.


Meanwhile, the companies' debt-asset ratio dropped 0.7percentage points to 56.2 percent.


NBS statistician He Ping noted the profit growth in March was ofhigher quality Jose Calderon Jersey , as consumer product and equipment manufacturingaccounted for a larger share of all newly-generated profits than inthe January-February period, while the share of mining and rawmaterial industries fell.


The manufacturing industry reaped 1.49 trillion yuan (216.2billion U.S. dollars) of profits in the first three months,accounting for 87.5 percent of overall industrial profits, and up23.4 percent year on year.


The industrial sector, which accounts for about a third ofChina's GDP, started to pick up last year after profit declines in2015, helped by government efforts to cut overcapacity and arecovery in the property market.


Value-added industrial output expanded 6.8 percent year-on-yearin the first three months Jon Leuer Jersey , accelerating from 6.3 percent in Januaryand February, and 6 percent in 2016.


"The sector was off to a good start in the first quarter, withsome indicators, industries and regions performing better thanexpected," Zheng Lixin, spokesperson of the Ministry of Industryand Information Technology, said Wednesday.


The upbeat profit data came after a slew of other indicatorssuggesting improvement in the Chinese economy.


The country's manufacturing purchasing managers' index (PMI)came in at 51.8 in March Joe Smith Jersey , higher than the 51.6 recorded in Februaryand staying above the boom-bust mark for the eighth month in arow.


Unemployment fell 0.05 percentage points to 3.97 percent at theend of March from three months earlier, as more new jobs werecreated.


However, as commodity prices retreat, upstream industries maylose steam and drag down the overall industrial profit growth infuture, the CMS said.


"Coal, oil and steel industries already posted slower profitincreases in March," said He Joe Dumars Jersey , who also warned of pressure fromrising costs and financial expenses.


The annual industrial profit growth for this year will moderateto 15-20 percent, the CMS said.


China's GDP expanded 6.9 percent year on year in the firstquarter, up from the 6.8-percent growth in the previous quarter and6.7 percent in 2016.


It also beat previous market expectations of 6.8 percent andcame well above the annual growth target of around 6.5 percent.Enditem


NEW YORK, Aug. 26 (Xinhua) -- The BRICS bloc grouping Brazil, Russia, India, China and South Africa serves as "a testbed" for a "sharing governance" of global affairs Jerry Stackhouse Jersey , a leading U.S. expert said.


"BRICS makes that kind of contribution to the world governance by providing diversity," said Robert Lawrence Kuhn, chairman of the Kuhn Foundation, in a recent interview with Xinhua.


"I think it would be a mistake, given the nature of humanity, to have only one organization like the United Nations... " he said, adding that a diversity of structures seems to be what makes the most sense over time in global governance since there is no perfection.


"It engages them (BRICS nations) to be a sort of hubs for broader global interaction Jameer Nelson Jersey ," Kuhn said, "So Brazil is in South America. South Africa is obviously in southern Africa. These become sort of vehicles to engage more of the world, so that's all positive."


The longtime China observer noted that a greater participation of the five major emerging economies with "very different characteristics" also strengthens momentum for a multipolar world, which is crucial for promoting international stability.


"I am all for the key countries that whether judged economically or through other mechanisms to have greater participation in (global) organizations," Kuhn said.


The BRICS New Development Bank (NDB), which is intended to focus on infrastructure and sustainable development projects, stands as a good example showing "what a new kind of world governance would look like Isiah Thomas Jersey ," he said.


"Everybody has equal voting power. So that's a good sign," he added, referring to the NDB'S distinctive feature -- absolutely just distribution of votes between members, different from the quota system of other international financial institutions based on the role of a certain member.


Although with the overwhelmingly larger economy in BRICS, China "does not use that power in an aggressive way to take control" of the NDB, he noted, "I think that's a good signal. And China's doing it because it wants this greater participation in international affairs."


All BRICS countries should have "a greater say" in the international financial activity in the World Bank and the International Monetary Fund (IMF) Ish Smith Jersey , he said.


In the World Bank, the BRICS countries, home to 42.6 percent of the global population and nearly half of the world's foreign exchange reserves, have a total of only 13 percent of vo. Hockey Jerseys Wholesale Cheap Rays Jerseys Cheap Pirates Jerseys Cheap Phillies Jerseys Cheap Padres Jerseys Cheap Nationals Jerseys Wholesale Mets Jerseys Wholesale Mariners Jerseys Wholesale Milwaukee Brewers Jerseys Wholesale Toronto Blue Jays Jerseys
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