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BEIJING - China's major industrial firms posted double-digit growth in profits in the first five months of this year, adding to signs of a stabilizing Chinese economy, official data showed Tuesday.
BEIJING - China's machinery sector reported better-than-expected performance in the first half of 2017 although high costs and financing difficulties continue to weigh on profits. Profits of machinery manufacturers amounted to 857.6 billion yuan (about 7.6 billion) during January-June, up 14.69 percent year on year, according to the China Machinery Industry Federation (CMIF). The main business revenue came in at 12.51 trillion yuan, rising 11.6 percent from the same period last year, with that in agricultural machinery, combustion engines, construction machinery and instruments all seeing double-digit growth. Chen Bin, deputy head of CMIF, attributed the improvement to business innovation and transformation, as well as a low comparison base last year. But high labor and logistics costs, and financing difficulties were still a trouble for the industry, Chen added.

BEIJING - China's efforts to promote industrial capacity cooperation with other countries, especially those participating in the Belt and Road Initiative, are showing signs of success.
BEIJING - China's top political advisor Wang Yang has asked for improvements to the bi-weekly consultation sessions of the Chinese People's Political Consultative Conference (CPPCC) National Committee.
BEIJING - China's central bank continued to inject liquidity into the financial system through open market operations on Thursday to offset liquidity pressure.
来源:资阳报