Free Trial

Tracking rate differentials


Effective Fed Funds Rate


13/20/50-week BTFs


Chipping Away At Friday's PMI Rally

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (Singapore)
     BEIJING (MNI) - Combined profits made by China's industrial companies in
the first quarter rose 11.6% from a year ago to CNY1.55 trillion, the National
Bureau of Statistics said Friday. That compared with an increase of 16.1% y/y in
Jan-Feb 2018, and was the lowest increase since December 2016, when the reading
was 8.5%.
     Among 41 industries, 25 including most mining and manufacturing had profits
rising y/y. One industry had a flat reading and 15 had profits falling. 
     Industrial profits for March rose only by 3.1% y/y to CNY589.75 billion,
compared with over 20% in every month last year.
     Here are the subcategory breakdowns of the 1Q industrial profits:
     --State-owned enterprises' profits rose 23.1% y/y to CNY476.29 billion,
compared with 29.6% gain in Jan-Feb.
     --Publicly-listed companies' profits rose 16.2% y/y to CNY1.09 trillion,
compared with 21.0% growth in Jan-Feb.
     --Mining companies' profits rose 36.1% to CNY137.54 billion, compared with
a growth rate of 42.1% in Jan-Feb.
     --Manufacturing industry profits rose 8.2% y/y to CNY1.30 trillion,
compared with 12.5% growth in Jan-Feb.
     --Power companies' profits rose 30.4% y/y to CNY112.06 billion, compared
with a 35.2% gain in Jan-Feb.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:
--MNI Beijing Bureau; +86 10 8532 5998; email:
[TOPICS: M$A$$$,M$Q$$$,MT$$$$]

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.