• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Thursday, July 10, 2025

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel Tensions
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Ramblings
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • Lifestyle
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

China’s industrial profit growth slows in Jan-April

Profit growth of China’s major industrial firms slowed during the first four months of 2022, weighed down by the resurgence of domestic COVID-19 cases, official data showed on Friday.

Firms with annual main business revenue of at least 20m yuan (about $2.97m) saw profits grow 3.5pc year on year in the January-April period. However, profit growth was 8.5pc in the first three months, said the National Bureau of Statistics (NBS). The combined profits of those firms hit nearly 2.66t yuan in the first four months, the data showed. During the period, 19 out of 41 industries saw a year-on-year expansion in their profits, however 20 industries registered declines. In the January-April period, profits of the mining industry continued to maintain rapid growth, rising 1.46 times year on year, while the manufacturing sector saw profits down 8.3pc, compared with a 2.1-percent decline registered in the first quarter. “The resurgence of COVID-19 cases and global uncertainties dragged down profits of industrial companies in April,” said Zhu Hong, a senior statistician with the NBS. “However, their performance will recover gradually as the Omicron outbreak stabilizes, factories and companies are resuming production in an orderly manner, and measures to relieve enterprises’ burdens are showing effect,” Zhu said.

Filed Under: Business

Submit a Comment




Primary Sidebar




Latest News

Ishaq Dar inaugurates Pakistan mango festival in Malaysia

AI content faces monetization hurdles on YouTube

Sheikha Asma praised by PM for historic Nanga Parbat climb

Aurangzeb calls for population-based NFC allocations

Investor confidence rises as PSX hits new record high

Pakistan

Ishaq Dar inaugurates Pakistan mango festival in Malaysia

Sheikha Asma praised by PM for historic Nanga Parbat climb

Aurangzeb calls for population-based NFC allocations

Sindh govt vacates unsafe Lyari buildings after collapse kills 27, six SBCA officers arrested

PM directs overhaul of PNSC to create global-standard shipping giant

More Posts from this Category

Business

Car sales in Pakistan soar 43% in FY2024–25 amid economic recovery

Pakistan’s foreign reserves hit $20 billion for the first time

EU, Pakistan sign €20m deal for business reforms

Vehicle owners get relief: 10% discount on token tax till august 30

Pakistan seeks billion-dollar deal for iconic Roosevelt hotel

More Posts from this Category

World

Israeli airstrike kills 15 in Gaza, including 10 children waiting for aid

Afghan taxi drivers build DIY ACs to beat scorching heat

Zelenskyy calls for urgent boost in defence funding amid Russian attacks

More Posts from this Category




punjab

Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2025 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.