Page 3 - Wang Jiangping News Today

Shanghai brands are embracing the latest fashion, trends and technology as they try to win over mode

BEIJING: Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices.

Profits in October rose 24.6% from a year earlier to 818.7 billion yuan ($128.1 billion), the official data showed, quickening from a 16.3% gain reported in September.

Profits at China's industrial firms grew at a faster pace in October, the statistics bureau said on Saturday, providing a buffer for a faltering economy battered by soaring raw material prices.

More pessimistic businesses expect the price increases will last until the end of the year, said Gan Jie, a Cheung Kong Graduate School of Business professor.

Small and micro enterprises in China have been recovering steadily, thanks in part to their resilience and favorable government policies, the nation's top industry regulator said on Tuesday.

China moves to ease pressure of commodity price rises on SMEs Xinhua 01 Jun 2021, 23:05 GMT+10 BEIJING, June 1 (Xinhua) -- China will act to address the challenges facing the countrys small and medium-sized enterprises (SMEs) due to the recent hike in commodity prices, officials said Tuesday. Wang Jiangping, vice minister of industry and information technology, said at a press conference that the ministry will step up price monitoring and work together with other government departments to deal...