• 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’s Industrial Profits Cools to a 9% y/y Growth in November

December 27, 2021 by Forex Winner Leave a Comment

China’s Industrial Profits Cools to a 9% y/y Growth in November

Source: NBS 

China recorded a 9% increase in industrial profits in November, which hit 805.96 billion yuan or $126.54 billion, dropping from a gain of 24.6% the previous month. CSI 300 is down -0.041%, USDCNY is up +0.07%. 

  • The slow increase in industrial profits reflected a decline in prices of some raw materials amid slowing domestic demand and a weak property sector.
  • In the January to November period, profits of China’s industrial firms grew by 38% to reach 7.98 trillion yuan, below the growth of 42.2% in the same period to October.
  • NBS senior statistician Zhu Hong says Beijing’s moves to contain material costs relieved some downstream firms at the cost of lower margins among raw material producers. He says cost pressures are still a challenge in the downstream 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Your email address will not be published.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

Darwinex

Darwinex Review

May 14, 2020 By Forex Winner

Trading 212

Trading 212 Review

April 25, 2019 By Forex Winner

easymarkets

easyMarkets Review

October 24, 2019 By Forex Winner

Forex Robot Reviews

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

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 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