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Canadian industries slash production capacity rate
Summary from United States, from articles in English
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After a year of record profit expansion in 2007, Chinese companies across most sectors are seeing the first signs of decelerating profit growth, says Jing Ulrich (article 1)
She says investors are now weighing the impact of the external slowdown, elevated inflation and rising raw material costs. (article 1)
In the first quarter of 2008, pre-tax profit growth for domestically listed companies dropped to 17.4 per cent year on year from 49.4 per cent in 2007. (article 1)
The recent softness in the A-share market is itself prompting a decline in investment income, and lower earnings. (article 1)
China's centrally administered state-owned enterprises reported the first quarterly profit decline since 2003 - when the state-owned Assets Supervision and Administration Commission was set up to reform and supervise the public sector. (article 1)
This was mainly due to price controls, which led to loss in the oil refining and power generation industries. (article 1)
Ms Ulrich believes that in the current climate of cost inflation and an external slowdown, best-performing sectors will be those that benefit from domestic demand and access to upstream resources. (article 1)
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Other summaries about this story:
Other stories about inflation, cent and rate:
Event tracking:
Story keywords
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inflation, cent, rate, Prices, Bank |
Source articles
- View of the day: Decelerating China (ft.com, 06/09/2008, 225 words)
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blaster@cs.columbia.edu
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