Petrochemical Profits to Reach 600 Billion Yuan Through September
Revenue from China's petrochemical industry is expected to grow 10.5% year on year to 9.67 trillion yuan in Q1-Q3 2013, and the industry's profit is expected to rise 12.5% year on year to 600 billion yuan during the same period, the China Petrochemical Industry Federation. Between January and July, the industry's revenue and profit was up 9.2% and 11.7% respectively from a year earlier; the industry's fixed asset investment was up 16.1% year on year to 1.05 trillion yuan.
Electronics Trade Value Rises 19% Through July
China's bilateral trade of electronics goods rose 19.3% year on year to $757 billion in the first 7 months of 2013, the Ministry of Industry and Information Technology said. The amount accounted for 32.2% of China's total bilateral trade and the growth rate was 10.8 percentage points faster than that of China's bilateral trade. Electronics exports were up 17% year on year to $440.2 billion, and electronics imports were up 22.6% year on year to $316.8 billion. The top 5 exported goods were notebook computers ($59.9 billion, -4.9%), integrated circuits ($59 billion, +161.1%), cellphones ($47.5 billion, +15.1%), liquid crystal displays ($21.3 billion, +10.9%) and cordless phone parts ($18.7 billion, +30.9%).
Futures Market Grows Fast
The value of futures trading in China totaled 185.5 trillion yuan in the first 8 months of 2013, exceeding the 171 trillion yuan recorded for full year 2012, the China Futures Association said. From Futures trading volume exceeded 1.42 billion standard lots, approaching the 1.45 billion standard lots recorded in 2012.
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