Rising prices are forcing businesses in China, despite the fact that many industries in the country are recovering from the onset of the coronavirus epidemic, according to the data agency.
The National Bureau of Statistics released its figures on Thursday showing a 57% increase in profits in large industrial enterprises in April compared to last year, with a share that was profitable compared to a small area in 2020 as a result of the epidemic. Profits grew by 92 percent in March.
The data showed a shift in disunity among Chinese workers, the NBS said, despite the economic recovery recovery last year. High commodity prices have increased profits for miners and other manufacturers but they also need to raise the price of cross-border businesses beyond their sales, NBS added.
Zhu Hong, an employee at NBS, said: “The monetization of the retail industry did not return to normal before the outbreak.” “Combined with rising commodity prices, this has increased pressure on the manufacturing and operation of medium and low-income industries.”
The Chinese government has expressed concern over the growing cost of goods and services in the country and the prospect of globalization this year.
Factory prices in China, driven by commodity prices, leapt is 6.8% last month, their three-year run. But rising consumer prices remained below 1 percent.
A government meeting chaired by Li Keqiang, China’s prime minister, last week said it should be done to reduce the cost of procurement.
The World Health Organization (WHO) has issued a warning on Monday of “excessive confidence” and will compete for material and material resources. price of steel down 7 percent after the collision great drawing this month.
Most of the NBSs showed profits in the participating companies in the oil industry increased by 484% and mining profits also increased from January to April, compared to the same period last year.
The use of industrial power is lagging behind China, which has seen an increase in the number of animals returning to epidemics before the end of last year. This is a challenge for companies that are facing high prices and consumer dependence, which has not been well received.
“The problem for them is that it is often difficult to pass on low prices to consumers,” says Larry Hu, a Chinese economist at Macquarie.
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