装备制造业利润首次由降转增/Equipment Manufacturing Industry registers profit for the first time after declining

samantpushkar

Nov 4

Original Source of article 来源: 泉州晚报

https://szb.qzwb.com/qzwb/html/2022-10/28/content_621883.htm

Publication Date: 2022-10-28

Accessed Date: 2022-10-29

Translator's Name: Pushkar Samant

Reviewer's Name : Rakhi Ranade

Translation Date: 2022-10-30

Introduction: The news talks about the industrial economic recovery in China

Original version (Chinese) with names of the reporters / writers: 新华社电

装备制造业利润首次由降转增

国家统计局27日发布数据，今年前三季度，全国规模以上工业企业营业收入同比增长8.2%，企业利润同比下降2.3%，但装备制造业利润今年以来首次由降转增，同比增长0.6%，工业企业利润行业结构不断改善。

统计数据显示，前三季度，装备制造业利润占规模以上工业的比重为31.5%，较年初提高约6.4个百分点。铁路船舶运输设备、仪器仪表行业利润分别增长9.5%、2.3%，汽车制造业利润虽同比下降1.9%，但在产业链供应链修复、新能源汽车生产增长等因素带动下，降幅收窄5.4个百分点，其中9月份当月利润增长47.4%。

电力、热力、燃气及水生产和供应业利润明显回升。前三季度，电力、热力、燃气及水生产和供应业利润同比增长4.9%，今年以来首次由降转增。私营、外资企业利润降幅收窄，中小企业利润增长加快。

国家统计局工业司高级统计师朱虹说，下一步，要着力推动稳经济系列政策措施持续显效，巩固工业经济恢复向好势头。

Translated version in English with names of the reporters / writers: Xinhua News Agency

Title – Equipment Manufacturing Industry registers profit for the first time after declining

On October 27, the National Bureau of Statistics released data. Industrial firms over the designated size saw an increase in operating income of 8.2% during the first three quarters of this year, while corporate profits decreased by 2.3%. Profits at industrial firms increased by 0.6% despite the industry structure.

The first three quarters of the year saw an increase of around 6.4% in the earnings of the equipment manufacturing business, accounting for 31.5% of the industrial firms over the designated size, according to statistics. The profits of the railway and shipping transportation equipment and instrumentation industries increased by 9.5% and 2.3%, respectively. The profit of the automobile manufacturing industry, however, fell by 1.9% on an annual basis, the decline narrowed by 5.4 percentage points, and this was caused by factors like the expansion of the production of new energy vehicles,

Profits of electricity, heat, gas and water production and supply have rebounded significantly. In the first three quarters, the profits of the electricity, heat, gas and water production and supply industries increased by 4.9% year-on-year, the first time this year, from a decline to an increase. The decline in profits of private and foreign-funded enterprises narrowed, and the profit growth of small and medium-sized enterprises accelerated.

Senior statistician Zhu Hong from the National Bureau of Statistics' Industrial Department stated that the next step should be to promote a number of policies and measures to stabilise the economy and maintain the momentum of the industrial economic recovery.

Translator's View - Despite the rebound, the economy faces challenges on multiple fronts at home and abroad. China's zero-COVID strategy and strife in its crucial property sector have exacerbated the external pressure from the Ukraine crisis and a global slowdown due to interest rate hikes to curb red-hot inflation.

New words

国家统计局 - guójiā tǒngjì jú – National Bureau of Statistics

仪器行业 - yíqì hángyè - Instrumentation Industry

铁路船舶运输设备 - tiělù chuánbó yùnshū shèbèi – Railway and Shipping Transport Equipment

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