Business Hub – Cairo:
The combined revenue of China’s major industrial companies rose 9.1 percent in the first half of this year year on year, to 65.41 trillion yuan (about 9.62 trillion dollars), 16 out of 41 sectors witnessed profit growth during the mentioned period.
According to the Chinese news agency “Xinhua”, Yesterday, official data showed, The profits of those companies rose by 1 percent year-on-year in the first half of 2022.
The National Statistics Authority said that the combined profits of industrial companies with annual main business revenue of at least 20 million yuan (about $2.95 million) exceeded 4.27 trillion yuan during this period.
The data showed that in the month of June alone, profits of major industrial companies rose by 0.8 percent on an annual basis, reversing the declines recorded in April and May.
Zhou Hong attributed, Chief statistician at the National Statistics Authority, recovery to effective coordination of epidemic containment and economic and social development, In addition to the comprehensive implementation of a set of policies and procedures to achieve stability in the economy.
In a related context, the gross domestic product in the Xinjiang Uygur Autonomous Region in northwest China amounted to 827.9 billion yuan (about 122.7 billion dollars) in the first half of 2022, An increase of 4.9 percent year on year.
In this period, The added value of agriculture reached 55.47 billion yuan, An increase of 5.4 percent year on year. The added value of the industry amounted to about 350.1 billion yuan. An increase of 5% on an annual basis, according to the regional bureau of statistics.
The added value of the service sector grew 4.7 percent to 422.34 billion yuan in the same period.
The total production value of agriculture, forestry, livestock and fishing in the region reached 119.94 billion yuan in the first six months, An increase of 5.4 percent year on year.
The Xinjiang Uygur economy has shown strong resilience when faced with the negative impacts of COVID-19 and mounting downward pressures. Where most of the economic indicators recorded a gradual growth, According to Hao Juncheng, Deputy Director of the said department.
And with a larger and richer consumer group, The Chinese market has expanded its charm to include international companies, which has strengthened its presence to meet the growing demand of Chinese consumers over the past decade.
From last Monday to next Saturday, The 2nd China International Consumer Products Fair is held in Haikou, The capital of the tropical province of Hainan in the south of the country, Which provides a platform for displaying and trading high-level consumer goods from China and abroad.