Hey there! 🖐️ Have you ever tried to improve your grades from a C to a B? It’s hard work, right? Well, China’s factories have been working super hard too! Even though they didn’t make as much money as last year, the good news is that their drop in profits is getting smaller. That’s like going from a C- to a C+, which is a step in the right direction! 🎉
In November, China’s big industrial companies saw their profits fall by 7.3% compared to last year. But guess what? In October, the profits had fallen by 10%! So things are getting better bit by bit. 📉➡️📈
Some industries are actually doing really well! For example:
- The nonferrous metal industry (that’s metals like copper and aluminum) made 20.2% more profit! 🏭
- The electricity and heat companies saw a 13.5% rise in profits. 🔌🔥
- The textile industry (think clothes and fabrics) grew by 4.6%. 👚👕
- The makers of computers and electronics grew by 2.9%. 💻📱
According to Mr. Yu, a statistician (that’s someone who studies numbers and data 📊), the government has been helping these companies with special policies. These policies are like giving plants water and sunlight—they help the companies grow! 🌱☀️
The really cool news is that high-tech industries are booming:
- Opto-electronic devices (like fancy camera parts) grew profits by 41.1%! 📷✨
- Aerospace equipment (things used in space and airplanes) increased by 14.3%! 🚀✈️
Also, smart gadgets are on the rise:
- Profits from wearable smart devices (like smartwatches) and graphics computing jumped by 90.3%! ⌚🎮
- Even measuring instruments (tools for measuring things) grew by 31.3%. 📏⚙️
Mr. Yu said that even though profits are still down compared to last year, the improvements show that things are getting better thanks to these helpful policies! 😊
Looking ahead, officials in Beijing had a big meeting about the future. They believe that in 2024, the value of what big companies produce will grow by about 5.7%. That’s like getting a bigger pizza next year! 🍕➡️🍕🍕
The manufacturing sector (places where things are made) is expected to stay strong, with more investments (that’s money put into businesses to help them grow). Plus, a new platform will help companies raise more than 1 trillion yuan! That’s a lot of zeros! 💰💰💰
So, even though times have been tough, there’s a bright future ahead for China’s industries! Keep an eye out for more exciting news! 🌟
Reference(s):
cgtn.com
