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BEIJING -Chinese electric vehicle giant BYD said on Monday it expects net profit in 2023 to have risen by as much as 86.5% on the previous year, buoyed by strong sales and cost cuts.... -January 29, 2024 at 09:49 am EST - MarketScreener
China's MGI Tech said on Sunday as an upstream equipment provider in the gene sequencing industry, its business does not involve data collection, after a proposed U.S. Biosecure Act included its name...
BEIJING (Reuters) -Profits at China's industrial firms fell 2.3% in 2023, their second straight yearly decline, due to sluggish demand at home and abroad, adding pressure on economic growth amid a deep property slump and deflationary risks. The drop followed a 4.4% profit fall in the first 11 months from the same period a year earlier, according to data from the National Bureau of Statistics (NBS) on Saturday. Last year's profits decline was chiefly due to sharply lower factory-gate prices, driven by over-capacity in some industries, said economist Nie Wen at Hwabao Trust in Shangh...
Profits at China's industrial firms fell 2.3% in 2023, official data showed on Saturday, as sluggish demand chipped away at business profits amid a fragile post-COVID economic recovery. ... -January 26, 2024 at 08:31 pm EST - MarketScreener
China on Friday kicked off its busiest annual period of mass migration with a record 9 billion domestic trips expected to be made during a 40-day travel rush around the Lunar New Year holidays, state media predicted. Millions of people will travel back to their home towns to reunite with families for the Lunar New Year, which falls on Feb. 10 this year, in the world's largest mass migration each year. About 80% of the 9 billion trips will be self-driving road trips, also a record, with the rest by rail, air, and water, Chinese state television CCTV reported.