Industrial Business Turn Around Data

Wanted to get you these numbers that showed how growth looked in November 2012 whch is the most recent numbers.

An increasing trend in profits starting in September and through latest numbers in November is why people say that business growth is back on.  However, I wanted to get in the details a little.

Of the major industries, those owned or controlled by the state saw profit down 6.2 percent from a year ago to 1.259 trillion yuan in January-November. Collectively-owned companies registered a profit of 711.1 billion yuan, up 8.9 percent while joint stock companies witnessed a year-on-year increase of 4.7 percent in the period, and profits for private enterprises grew 18 percent year-on-year.

State industries are still struggling while Collectives are doing better and partly private even better while totally private grew 18% year on the year through November despite being very weak at the start of the year.

Private enterprise is winning presently even though most formal capital is going to the big guys that are sinking.  I got these numbers from the CaiJing On Line English edition. They are quite good and are known as the Chinese news organization that will push the envelope the furthest on printing the bold truth,

A business wave is rising presently in China, and I hope we are all getting ready. We are surely busy and adding people here.

Anything to add?

 

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Posted in: China, Market Entry

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