China's listed firms achieve steady performance

CNC
Added On July 18, 2019

According to leading information service provider Wind, over 1,780 Chinese-listed firms recently disclosed their latest H1 financial reports. 
 
More than half said they expect rising net profits or to turn losses into gains.
 
Businesses in sectors like agriculture, forestry, husbandry, communication, non-bank financial services, transportation and minerals were among the best performers.
 
The financial disclosures also reflected official reports that high-tech industry and service sector output growth outpaced GDP.
 
According to the National Bureau of Statistics, information transmission, software, information technology, tenancy and business services saw big gains in the first half of the year.
 
Consumption continued to play a major role in driving growth, with final consumption contributing to 60.1 percent of overall economic expansion in the January-June period.
 
Overall GDP grew at a healthy 6.3-percent in the first six months of this year, making China one of the world's fastest-growing major economies despite a slowing global economy.