• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

China Industrial Profits Expansion Heightens in Sept Despite Power Crunch and Cost Pressures

October 27, 2021 by Forex Winner Leave a Comment

China Industrial Profits Expansion Heightens in Sept Despite Power Crunch and Cost Pressures

Source: National Bureau of Statistics

Profits at China’s industrial firms expanded at a faster rate in September irrespective of surging prices and supply bottlenecks. CSI 300 Index down -1.31%, CNY USD down -0.16%

  • Profits soared 16.3% on-year to reach $115.72 billion, rising higher than the 10.1% gain posted in August.
  • The industrial sector has been hampered by the rising coal prices, supply constraints, and power rationing caused by coal shortages due to emission reduction targets.
  • Meanwhile, the Chinese government has taken various measures to curb the high metals prices and ease the power crunch in the country, including encouraging coal miners to boost output at industrial plants.
  • Solid profit gains in mining and raw materials industries contributed to the rise in the headline figures. 
  • Profits in the coal mining and washing sector expanded 172.2% over the first nine months.
  • At the same time, the fuel processing sector posted a 930% increase in earnings.
  • China’s economic growth in the third quarter was the slowest in 2021 due to power crunch and struggles in the property sector.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

FBS

FBS Review

January 29, 2020 By Forex Winner

alpari

Alpari Review

January 2, 2020 By Forex Winner

simplefx

SimpleFX Review

December 19, 2019 By Forex Winner

Forex Robot Reviews

Tradescoop Review

May 2, 2023 By Forex Winner

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure