From January to April, China's Industrial Industry Declined

According to the website of the National Bureau of Statistics, from January to April, the industrial profits of 22 regions across the country were 487.3 billion yuan, a year-on-year decrease of 27.9%, and the decrease was 4.3 percentage points lower than that in the first quarter.

In 39 industrial sectors, profit growth of 23 industries rebounded or decreased. Among them, non-ferrous metal smelting and rolling processing industry profit 4.92 billion yuan, an increase of 3.81 billion yuan over the first quarter; petroleum processing and coking industry profit 26.66 billion yuan, an increase of 181.3%; chemical fiber industry profits fell by 87.5% from the first quarter reduced to decline 57.6%; The power industry changed from a loss of 1.37 billion yuan in the first quarter to a profit of 2.19 billion yuan; profit of the special equipment manufacturing industry increased by 2.2% year-on-year, an increase of 1.6 percentage points from the first quarter; and the transportation equipment manufacturing industry decreased by 28.4% from the first quarter. It dropped by 17.3%. The profits of the steel industry decreased by 97.5% year-on-year.

The main business income of 22 regions in the industry achieved 1,089.6 billion yuan, a year-on-year decrease of 0.8%, and the decline was 0.1 percentage point higher than that in the first quarter.

At the end of April, industrial receivables of 22 regions totaled 3,093.7 billion yuan, an increase of 7% year-on-year, which was the same as that of the first quarter. The capital of finished products was 1,575.6 billion yuan, a year-on-year growth of 7.5 percent, which was 2.9 percentage points lower than the first quarter.

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