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Sunday, 09 April 23
CHINA’S BUSINESS INCOME REBOUND POINTS TO IMPROVING ECONOMY: OFFICIAL - XINHUA
Chinese businesses have posted a strong rebound in sales revenue since the beginning of this year in the latest signal of an improving economy.
 
Wang Jun, head of the State Taxation Administration, told a press conference Thursday that the combined sales revenue of businesses nationwide gained 4.7 percent year-on-year in the first three months of 2023 and logged an increase of 6.2 percentage points in comparison with the fourth quarter last year.
 
Growth momentum became more palpable in March, with sales revenue up 12.8 percent from a year ago, Wang said.
 
The January-March data confirmed a reverse of the long losing streak in Chinese businesses’ sales revenue starting July last year, and added to evidence that the country’s economic recovery is steady and ongoing.
 
Business confidence also strengthened as the value of business purchases increased 14.1 percent year on year in March, up significantly from 1.3 percent in January-February, Wang said.
Source: Xinhua


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Recent News

Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...


Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.   The country produced 380 million tonnes of raw ...


Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...


Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...


Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...


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