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News

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Category: Market News
BEIJING – According to the National Bureau of Statistics (NBS), profits of China's major industrial enterprises contracted 37.3% year-over-year during the first two months of 2009.

Profits of companies with an annual income exceeding 5 million yuan ($0.74 million) fell 37.3% to 219.1 billion yuan ($32.33 billion), the NBS said.

The electronic and telecommunications equipment manufacturing sector reported the biggest drop among all 39 sectors, at 96.3%.

Details
Category: Market News
BEIJING – A report by China's Ministry of Industry and Information Technology (MIIT) stated that China's mobile phone output had decreased by 11.2% for January and February 2009, year-over-year.

The MIIT cited that both manufacturing and export of China's electronics products had declined in this period.  In January and February 2009, the output growth rate of China's electronics industry decreased by 9.4% and export delivery value of the electronics industry decreased by 19%, year-on-year.

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