App

China's plastic industry logs higher profits in Jan-May
Updated: July 5, 2020 21:01 Xinhua

BEIJING — China's plastic industry registered profit growth in the first five months of the year, data from the Ministry of Industry and Information Technology (MIIT) showed.

Manufacturers of plastic products raked in 38.04 billion yuan (about $5.39 billion) in total profits in the January-May period, up 12 percent year-on-year, according to the MIIT.

The total operating revenue of these companies went down 9 percent from the previous year to 665.81 billion yuan during the period.

MIIT data also showed the national output of plastic products stood at 27.55 million metric tons in the first five months, decreasing by 4.2 percent year-on-year.

Bucking the trend, the output rose 9.2 percent year-on-year in May to 6.69 million tons.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218