20231102 China news
Source: | Author:eacham | Published time: 2023-11-02 | 362 Views | Share:


China's industrial profits rebounded to 7.7 percent year-on-year growth in the third quarter, ending a decline of five consecutive quarters, the National Bureau of Statistics said on Friday. Industry experts said that the growth in the profits of major industrial firms added further signs of economic recovery amid a package of strengthening supportive policies, and this momentum is very likely to continue in the fourth quarter.



There is an urgent need to strengthen inclusive multilateral collaboration as the world must rise to face the risk of a global economic recession and the shared challenge of climate change, foreign and Chinese experts said on Thursday. To achieve that goal, efforts should be made to better include developing countries in global economic governance and to ensure an equal distribution of the benefits of globalization among different populations, they said.



China Petroleum & Chemical Corp, also known as Sinopec, saw its third-quarter net income climb 37.7 percent year-on-year to 17.94 billion yuan ($2.5 billion), backed by higher oil-product sales and higher refinery output, the company said on Thursday.  The company processed 193.74 million metric tons of crude oil between January and September, up 7.6 percent versus a year earlier, it said.



The Dutch lighting company Signify supported a scientific investigation project on biodiversity conservation in Southwestern China's Yunnan province, as its latest effort to contribute to ecological protection in China.



Brazilian mining company Vale, the world's largest producer and exporter of iron, said Friday it was optimistic about product demand from China, its main market, and confident of Brazil's ability to export higher quality iron. In a teleconference with journalists, Vale's management said it was certain internal factors would help boost China's economy and that, along with a lower supply of iron ore in China, will have a positive impact on the iron ore segment.



China's civil aviation market recorded a total of 180 million air passenger trips during the third quarter of 2023, a record high in terms of quarterly numbers, according to the country's civil aviation regulator.



Chinese and US officials have made a "professional, pragmatic, candid and constructive" discussion on monetary and financial stability in both countries and other matters of concern at the first meeting of the financial working group, the People's Bank of China, the country's central bank, said on Friday. 


Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham

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