Posted on 01/26/2021 6:52:49 PM PST by RomanSoldier19
BEIJING, Jan 27 (Reuters) - Profits at China’s industrial firms surged 20.1% year-on-year in December to 707.11 billion yuan ($109.40 billion), official data showed on Wednesday.
The rebound followed a 15.5% gain in November and marked the eighth month of growth in a row, according to data from National Bureau of Statistics.
For the full year of 2020, annual profits for China’s industrial firms grew 4.1% year-on-year to 6.45 trillion yuan, recovering from a 3.3% on-year decline seen in 2019. It was also quicker than a 2.4% gain seen in January-November.
China is the only major economy in the world to avoid a contraction in 2020, with gross domestic product growing 2.3% for the full year, while many countries remain crippled by pandemic jolt.
(Excerpt) Read more at reuters.com ...
Trump had them on the ropes before they released the China Virus on us.
Wonder if hunter is grinning?🙌😒
Wonder what kind of math the Chinese communist use?
China Mitch ONE!
Yep. Which is why the virus was released.
Few fully understand this and it will be years before the truth is widely known and accepted.
Sloppy reporting on Reuters’ part as there is no mention of the Biden family’s cut. But maybe that will be covered in a follow-up article.
Not very communist. More like fascists.
Creative math, these numbers are likely inflated at best. It honestly seem to me that these numbers are a Chinese Communist Party attempt to regain legitimacy. Counter the unmistakable failure of the Wuhan virus, through claims of economic success.
The decades since Ronald Reagan, we’ve seen the greatest transfer of wealth in world history from the American middle class to the communist Chinese.
Courtesy of former/current congresses, Bush sr., Clinton, Bush jr. Obozo...now China’s boy Biden.
Trade the national security of the nation of their birth for power and $$$. Shame on them all.
China now doing slightly better than in 2019- when they did horribly!
LOL!
So they say. I don’t necessarily believe anything they report.
China has made a mint supplying the world with masks and sanitizers, used to protect citizens of the world from the virus China unleashed into the world.
Government owned companies will always show a profit, after an influx of government money.
But, isn’t Chinese industrial firms the same as government firms?
It’s like the American defense department showing a profit every year.
A BIDEN WIN WILL BE AN AWARD TO CHINA FOR INVADING US USING COVID 19
Every time an American looked at an item for where it was made in it came from China. Now China’s reliance making everything was being threatened by a change in leadership in America which was a major consumer of those products. When Americans hailed their leaders decision to make many of them in their country US. Their politburo worried.
Worse yet opponents to the Chinese regime in power had its citizens protesting its policies , as in Hong Kong, since that change in American leadership wave the American flag and present Trump’s name when doing so. All of which presented those in power the need to destroy that leader Donald Trump.
Would a runaway plague created by a nation which could threaten populations of an enemy cause them to react by demanding extreme restriction of movement by its population to prevent its spread ? Thus wind up fragmenting its economy and create defeat for that leader’s upcoming election.When they released it that was the CCP intention but it got away from them and went world wide
Americans better WISE UP/
Key swamp demons were making fortunes when they allowed US companies in a number of industries including pharma, computer; and electrical as well metal fabrication components even bicycles relocate their factories in China . To the point where China was our sole supplier. The money the CCP has now comes from US .If we play our Chinese checkers right we can really turn things around for the better not only here but in China as well.Check out this recent posting in Free Republic.com which the MSM and social venues will spike; http://www.freerepublic.com/focus/f-chat/3890312/posts. will be stopped by Biden and hailed by Walmart http://www.freerepublic.com/focus/f-bloggers/3920123/posts
blame the CCP (Chinese Communist Party) for deliberately using the Wuhan virus to create an economy here which would prevent Trump get reelected. Letting that happen will create problems we don’t need. Time we point out the loss of employment and the corruption involved.
Besides corruption here is just some of the million$ that the Biden’s are involved in
http://www.freerepublic.com/focus/f-news/3820191/posts also Clinton
http://www.freerepublic.com/focus/f-chat/3881585/posts
The CCP’s (China Communist Party) newspaper The Global Times has endorsed Biden Claiming he would be the easiest to work with.
http://www.freerepublic.com/focus/f-news/3876187/posts
http://www.freerepublic.com/focus/f-news/3877139/posts#8
at the moment he’s snorting
Good for you! You’ve learned. The first rule of survival amongst the human race, is ALWAYS assume you are being lied to.
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