Date
17 November 2018

Industrial growth gaining strength, Xinhua says

China’s industrial growth is picking up, adding strength to the broader economy, the official Xinhua news agency reported Wednesday, citing the National Development and Reform Commission, the country’s top economic planner. Major industrial firms saw their profits rise 13.5 percent year on year in the first three quarters, faster than the 12.8 percent growth in the January-August. period. The business climate index came in at 126.6 points in the third quarter, up 1.6 points from the second quarter. About 75.3 percent of respondents surveyed by the China Economic Monitoring and Analysis Center said their profits were “normal” or “above normal” during the period. Nearly 90 percent of 400,000 enterprises are optimistic about the business outlook, the report said.

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