Hey amigos! 👋 Guess what? China's major industrial companies are totally pumped about their future! 🚀 According to Shan Zhongde, vice minister of industry and information technology, their profits are on the rise, and they're feeling optimistic about business prospects. 🌟
In the first quarter of this year, private investment in the manufacturing sector grew by a whopping 11.9% compared to last year! 💹 That's some serious growth, right? 📈
A recent survey of 36,000 key manufacturing enterprises revealed that 76% of them expect their industrial output to grow or stay the same in the second quarter compared to a year earlier. Talk about confidence! 💪
As of February, the number of major industrial enterprises climbed to 501,000, an increase of 19,000 since the end of 2023. That's a lot of new players joining the game! 🎮
But wait, there's more! From January to February this year, these major industrial enterprises raked in total profits of 914.1 billion yuan (that's about $128.7 billion USD). That's a 10.2% increase year on year! 🤑 Cha-ching!
So, what's the vibe? China's industries are on the move, and their upbeat outlook could have a ripple effect on global markets. 🌏 Who knows? Maybe this is the start of something big! Stay tuned, amigos! 🎧
Reference(s):
China's major industrial companies upbeat about business prospects
cgtn.com
