论文部分内容阅读
As China’s economy is stabilizing， capital outflow pressure has shown signs of easing.
The latest data from the People’s Bank of China， the central bank， showed that China’s total yuan funds outstanding for foreign exchange reversed two consecutive months of decline and rose in August.
The funds， a major indicator of international capital movement in or out of China， stood at 27.39 trillion yuan （$4.48 trillion） at the end of August， up 27.32 billion yuan（$4.46 billion） month on month， according to the central bank.
Cai Hongbo， an economic expert at the Beijing Normal University， said an improvement in August exports and a strengthening yuan have pushed up demand for the Chinese currency.
Profit Forecast
Given the cyclical recovery and rapid growth of China’s emerging industries， roughly 60 percent of Chinese listed companies expect a profit increase in the third quarter.
Of the 941 firms that have publicized their Q3 earnings pre-announcement， 509 said profits would increase and 48 did not expect losses.
After suffering fourth quarter losses last year， profits from listed companies rose 10.36 percent in the first quarter of 2013 and accelerated to 11.98 percent in the second quarter， the fastest quarterly growth since 2012.
Machinery equipment producers， petrochemical companies and non-ferrous metal makers reported profit gains as a steady economic recovery boosted industry demand.
Profits from information service providers and electronic equipment makers also made gains as they benefited from the government’s master plan to boost strategically important emerging industries. Moreover， Liquid Electronic Display and integrated circuit makers also forecasted hefty profit increases.
The latest data from the People’s Bank of China， the central bank， showed that China’s total yuan funds outstanding for foreign exchange reversed two consecutive months of decline and rose in August.
The funds， a major indicator of international capital movement in or out of China， stood at 27.39 trillion yuan （$4.48 trillion） at the end of August， up 27.32 billion yuan（$4.46 billion） month on month， according to the central bank.
Cai Hongbo， an economic expert at the Beijing Normal University， said an improvement in August exports and a strengthening yuan have pushed up demand for the Chinese currency.
Profit Forecast
Given the cyclical recovery and rapid growth of China’s emerging industries， roughly 60 percent of Chinese listed companies expect a profit increase in the third quarter.
Of the 941 firms that have publicized their Q3 earnings pre-announcement， 509 said profits would increase and 48 did not expect losses.
After suffering fourth quarter losses last year， profits from listed companies rose 10.36 percent in the first quarter of 2013 and accelerated to 11.98 percent in the second quarter， the fastest quarterly growth since 2012.
Machinery equipment producers， petrochemical companies and non-ferrous metal makers reported profit gains as a steady economic recovery boosted industry demand.
Profits from information service providers and electronic equipment makers also made gains as they benefited from the government’s master plan to boost strategically important emerging industries. Moreover， Liquid Electronic Display and integrated circuit makers also forecasted hefty profit increases.