27.04.2015 - The aggregate profits of large Chinese corporations continues to decline
Large industrial enterprises in China showed lower profits compared to the same period last year by 2.7% to 1.25 trillion yuan, or about 201.7 billion US dollars. It is worth noting that the rate of decline in profits slowed to 0.4% in March compared to 4.2% in the first two months of this year. The largest decrease was recorded in the coal industry and the mining sector. The highest growth was recorded in non-ferrous metals and electronics industries by 28.3% and 22.9%, respectively. At the moment, the Chinese markets show strong growth and we maintain a positive outlook for the medium-term, but do not exclude a strong correction in the near future.