Rosier prospects for China

euronews Videos27 December 2012

Another sign of economic recovery in China to cheer the markets with the news industrial profit growth quickened to 22.5% in November, year-on-year.

It adds weight to forecasts of a strong fourth quarter, with 10% industrial output growth expected for 2012 and next year.

Leading the pack were power generation firms rising 62.9%, food processors, (16%), and telecommunications equipment makers, (11.5%).

But some sectors are still struggling, with profits at ferrous metal smelting firms tumbling 47.9 % while earnings of chemical companies fell 10.1%.

In the first 11 months of 2012, losses among oil processing, coking and nuclear fuel processing firms were more than four times larger.

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes