China's industrial profits up 16.5 pct -- China's major industrial firms posted increased profit growth in the first five months of 2018, official statistics showed on June 27. Profits at China's major industrial firms grew 16.5 percent in the first five months, quickening from the 15-percent expansion for the January-April period, according to the National Bureau of Statistics (NBS).
China's farm produce prices continue to fall -- China's farm produce prices continued to head downwards in the week ending June 24 due to sharp drops in vegetable prices, according to the Ministry of Commerce on June 26.The price index for farm produce edged down 0.9 percent in the past week, compared with a 0.6 percent fall the previous week. The index for production materials edged down 0.4 percent. The average wholesale price of 30 kinds of vegetables fell 2.9 percent from a week earlier.
China's media industry to hit 3 trillion yuan by 2020 -- The gross market value of China's media industry is expected to reach 3 trillion yuan (460 billion U.S. dollars) by 2020, according to a report by Tsinghua University. The market value of the industry grew 16.6 percent to 1.9 trillion yuan in 2017, the report showed.
China's SOE profits grow at faster pace -- Profit growth in China's state-owned enterprises (SOEs) accelerated in the first five months, official data showed. Combined profits surpassed 1.29 trillion yuan (about 198 billion U.S. dollars) for the January-May period, up 20.9 percent from a year earlier, according to the Ministry of Finance.The pace of growth quickened from the 18.4-percent rise registered in the first four months.
China's May railway freight posts fastest growth in 2018 -- The total volume of goods transported by China's railways in May expanded at its fastest pace this year. Railway freight increased 11.8 percent year on year to 339 million tonnes in May, accelerating sharply from 1.4-percent rise registered in April, according to data from the National Bureau of Statistics. For the first five months this year, the volume of railway freight topped 1.6 billion tonnes, up 7.2 percent from one year earlier.
China's crude oil output falls 1.6 pct in May -- China's crude oil output fell 1.6 percent year on year in May, data from the National Development and Reform Commission showed. Crude oil output came in at 16 million tonnes during the period, which saw 51 million tonnes of crude refined, up 8.2 percent year on year.
Guangdong imports up nearly 15 pct in first 5 months -- China's economic powerhouse Guangdong Province imported goods worth 1.1 trillion yuan (169.7 billion U.S. dollars) in the first five months this year, up 14.8 percent on the same period last year, according to local customs. As China's largest trading province, Guangdong's trade volume reached 2.67 trillion yuan during the same period, up 3.7 percent year on year. Yet its exports dropped by 2.8 percent to 1.57 trillion yuan in the first five months, according to the provincial customs authority.
China's trade surplus shrinks in first five months -- China's trade surplus shrank markedly in the first five months of this year, data from the Ministry of Commerce (MOC) showed. Exports reached 957.06 billion U.S. dollars while imports stood at 857.39 billion dollars, leaving a trade surplus of 99.67 billion dollars, down 26.8 percent year on year.
China's Shandong sees trade with foreign countries in Jan-May up 1.9pct y-o-y -- East China's Shandong province saw its foreign trade totaled 739.8 billion yuan in the first five months of the year, up 1.9 percent year on year, according to the Department of Commerce of Shandong Province. To be specific, its export value amounted to 400.93 billion yuan during the period, an increase of 2.8 percent year on year, while its import value stood at 338.87 billion yuan, an increase of 0.9 percent year on year.
A single purchase
