Published on Dec 27, 2012
http://www.euronews.com/ Another sign of economic recovery in China to cheer the markets with the news industrial profit growth quickened to 22.5% in November, year-on-year.
It adds weight to forecasts of a strong fourth quarter, with 10% industrial output growth expected for 2012 and next year.
Leading the pack were power generation firms rising 62.9%, food processors, (16%), and telecommunications equipment makers, (11.5%).
But some sectors are still struggling, with profits at ferrous metal smelting firms tumbling 47.9 % while earnings of chemical companies fell 10.1%.
In the first 11 months of 2012, losses among oil processing, coking and nuclear fuel processing firms were more than four times larger.
It adds weight to forecasts of a strong fourth quarter, with 10% industrial output growth expected for 2012 and next year.
Leading the pack were power generation firms rising 62.9%, food processors, (16%), and telecommunications equipment makers, (11.5%).
But some sectors are still struggling, with profits at ferrous metal smelting firms tumbling 47.9 % while earnings of chemical companies fell 10.1%.
In the first 11 months of 2012, losses among oil processing, coking and nuclear fuel processing firms were more than four times larger.
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