Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 27, 2012 11:47:31

China - profits of industrial companies fell the fourth month in a row, Prime Minister calls for the promotion of exports


Profits of Chinese industrial enterprises in July, according to the local statistical office, declined by 5.4% to 366.8 billion yuan = about 58 mld.USD.Červencový decline was the fourth in a row. Profits for pvních 7 months declined by 2.7% compared to a decline of 2.2% at the end of the first half. July's decline was also the largest this year.
Chinese stock markets in reaction to the report significantly weakened as investors immediately began to speculate on the decline in performance of individual companies.

Chinese premier urged the adoption of new measures to promote exports, which lately clearly loses penetration, which threatens the overall growth of the Chinese export economy significantly.
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