BEIJING - Profits of China's major industrial firms rose 6.2 percent year on year in H1, narrowing from a 6.4percent rise registered in the first five months, official data showed on Wednesday. Profits at industrial companies with annual revenue of more than 20 million yuan (about 3.1 million U.S. dollars) totaled 3 trillion yuan in the first six months, the National Bureau of Statistics (NBS) said. In June, profits of major industrial firms rose 5.1 percent year on year to 616 billion yuan, widening from a 3.7percent growth posted in May. He Ping, an official with the NBS Department of Industry, attributed the growth in June to increased sales, a milder decline in factory product prices, lower business costs and destocking. He noted that the profit growth in June was concentrated in a few sectors, including electronics and petroleum processing. The profits of petroleum processing jumped 61.9 percent, up 60.7 percentage points from May, while profits of computer communications rose 19.5 percent in June, compared with a 15.1percent loss in May. In the first six months, stateowned enterprises' profits fell 8 percent, while those of foreigninvested companies increased 5 percent. Private businesses' profits rose 8.8 percent. China's economy grew slightly faster than expectations in the second quarter of 2016, stable from the first quarter and fueling hopes that the economy is heading for a steady but slower period of development. The country's GDP grew 6.7 percent year on year in the second quarter, which remained within the government's targeted range of between 6.5 and 7 percent for 2016. Meanwhile, industrial output expanded 6.2 percent year on year in June, accelerating from a 6percent increase in May. Retail sales rose 10.6 percent, a faster expansion from May's 10percent growth.
The second "China Adhesive Day" bonding technology conference was held on May 22 - 23, in Shanghai Hongqiao Guest House. The conference was co-chaired by the German Fraunhofer IFAM Adhesive Institute, DIN6701 & DIN2304 Standards Drafting Committee and Shanghai Adhesive Training Centre.View Details
Aquatech China is the largest international water trade show in China for the fields of process, drinking and waste water. The exhibition serves as the meeting place for all market leaders within the Asian water sector. Aquatech China focuses on products and services within the water technology supply chain such as wastewater treatment equipment, point of use, and membrane technology; these segments are matched with relevant visitor target groups.View Details
Every year in April HANSI undertakes a hiking trip outside of Shanghai to feel the beauty of nature and strengthen the team spirit.View Details