文章来源:未知 文章作者:enread 发布时间:2022-05-05 05:24 字体: [ ]  进入论坛
Profits of China's industrial firms rose 8.5 percent year-on-year in the first quarter, the National Bureau of Statistics said on Wednesday, suggesting a steady start for the industrial economy this year.
Experts said the steady growth was mainly aided by bigger profits reported by upstream companies from rising energy and raw material prices, while some midstream and downstream firms still face mounting pressure and difficulty.
They called for further steps to stabilize1 the overall economy amid downward pressure from COVID-19 outbreaks and a more complicated external environment, saying more efforts should be made to ensure smooth logistics services, stabilize industrial and supply chains, ease pressure on hard-hit enterprises and industries as well as increase financial support for small and medium-sized enterprises.
In the January-March period, industrial firms' bottom line growth rate was 3.8 percentage points lower than that in the fourth quarter of 2021, the NBS said.
Industrial firms' profits reached 1.96 trillion yuan ($300 billion) in the first three months, and the pace of profit growth quickened from a 5.0 percent gain reported in the first two months.
Zhu Hong, a senior NBS statistician, attributed the growth to effective government measures to cut taxes and fees and ease pressure on enterprises during the period.
During the January-March period, profits of mining firms grew 1.48 times. Profits in manufacturing fell 2.1 percent in the first quarter and bottom lines reported by power, heat, gas, water production and supply firms slumped2 30.3 percent.
Zhu warned that industrial firms are facing multiple challenges from resurgent domestic COVID-19 cases and intensifying3 imported inflationary pressure, adding that more efforts should be made to ensure stable prices and supplies as well as smoother logistics services.
Zhou Maohua, an analyst4 at China Everbright Bank, attributed the large profits registered by upstream firms to expanding global demand and soaring energy and raw material prices, saying the slowdown in profits of some midstream and downstream firms is a combined result of a high-base effect from the previous year and rising commodity prices.
Li Qilin, chief economist5 at Shanghai-listed Hongta Securities, warned of mounting pressure from domestic COVID-19 cases and imported inflationary pressure.
Citing the government's recent moves to ensure stable prices and spur consumption, Li expects the measures will help ease pressure on rising costs for enterprises, which may help support profit growth for midstream and downstream enterprises.
A number of banks lowered their deposit rates and interest rates of large-denomination Certificates of Deposit recently. Industrial and Commercial Bank of China Ltd, the country's largest State-owned commercial lender by assets, cut its three-year deposit rate by 10 basis points to 3.15 percent and two-year deposit rate by 10 basis points to 2.5 percent. China Merchants Bank Co Ltd, a national joint-stock commercial lender, lowered the interest rate of its three-year large-denomination CDs by 45 basis points to 2.9 percent.
These moves show that banks are taking multiple paths to cut the cost of deposits in order to provide more low-cost funding for the real economy, analysts6 said.
Reductions in the cost of deposits will lead to a decline in lending rates, thus lowering financing costs for the real economy, said a report released by CSC Financial Co Ltd.
By encouraging small and medium-sized banks to lower the ceiling on the floating range of deposit rates and linking the adjustment to macro-prudential assessments7, regulators will reduce pressure on banks to compete for deposits and help them improve net interest margins8, said Zheshang Securities Co Ltd.


1 stabilize PvuwZ     
  • They are eager to stabilize currencies.他们急于稳定货币。
  • His blood pressure tended to stabilize.他的血压趋向稳定。
2 slumped b010f9799fb8ebd413389b9083180d8d     
大幅度下降,暴跌( slump的过去式和过去分词 ); 沉重或突然地落下[倒下]
  • Sales have slumped this year. 今年销售量锐减。
  • The driver was slumped exhausted over the wheel. 司机伏在方向盘上,疲惫得睡着了。
3 intensifying 6af105724a108def30288b810d78b276     
v.(使)增强, (使)加剧( intensify的现在分词 );增辉
  • The allies are intensifying their air campaign. 联军部队正加大他们的空战强度。 来自辞典例句
  • The rest of the European powers were in a state of intensifying congestion. 其余的欧洲强国则处于越来越拥挤的状态。 来自英汉非文学 - 历史
4 analyst gw7zn     
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务?
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
5 economist AuhzVs     
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
6 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家,化验员( analyst的名词复数 )
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
7 assessments 7d0657785d6e5832f8576c61c78262ef     
n.评估( assessment的名词复数 );评价;(应偿付金额的)估定;(为征税对财产所作的)估价
  • He was shrewd in his personal assessments. 他总能对人作出精明的评价。 来自《简明英汉词典》
  • Surveys show about two-thirds use such assessments, while half employ personality tests. 调查表明,约有三分之二的公司采用了这种测评;而一半的公司则采用工作人员个人品质测试。 来自百科语句
8 margins 18cef75be8bf936fbf6be827537c8585     
边( margin的名词复数 ); 利润; 页边空白; 差数
  • They have always had to make do with relatively small profit margins. 他们不得不经常设法应付较少的利润额。
  • To create more space between the navigation items, add left and right margins to the links. 在每个项目间留更多的空隙,加左或者右的margins来定义链接。
TAG标签: economy growth industrial