Industrial profit growth behind the big drop: enterprises See the day eating business malpractice

Mense National Bureau of Statistics 27th released a report, from 1 to August, the country-scale industrial enterprises to achieve profits year-on-year growth of 55%, an increase of 26.6% from 1 to May.　　Industrial profit growth has fallen more rapidly than industrial growth.　　Statistics show that the first 8 months of growth in industrial value increased by 16.6% year-on-year, the increase fell by 0.4% from the previous 7 months.　　But Gui, a macroeconomic analyst at Minsheng Banking Market Research Center, told the first financial daily that the industry's profit figures for the first 8 months were basically in line with expectations, a reflection of the current macroeconomic picture.　　The difference between the two indexes is one of the factors that the data is published.　　The financial status of the industrial enterprises above the national scale in 1 to February, 1 to May, 1 to August and 1 to November, four times a comprehensive survey, respectively, in March, June, September, December release.　　Industrial growth figures are released every month. Since this year, industrial profits in the economic recovery, driven by a revival of growth. Industrial profits grew 119.7% per cent in the previous two months, hitting a record high of nearly a decade.　　After the influence of the warping factor and the gradual decline of industrial growth, the profit growth of industrial enterprises gradually narrowed. Liu Shijin, deputy director of the Development Research Center of the State Council, had previously told the newspaper that when the economy grows rapidly, the profit of our enterprise is better, on the contrary, the profit of the enterprise declines, which shows that the business model of Chinese enterprises is the speed efficiency type, most of the enterprises are the scale effect of production and market formed by the rapid expansion of demand,　　The innovative driving ability that really relies on its own factor portfolio to improve efficiency is poor. It is noteworthy that in August PMI data, the purchase price index rebounded sharply 10.1% to 60.5%, while the August industrial products ex-factory prices (PPI) rose 4.3%, a 3 consecutive month decline. "This will further reduce corporate profits.　　Gui told reporters.　　Will the industrial profits be affected by a sprint of energy-saving and emission reductions from August onwards?　　Jian Xu, a macroeconomic analyst at CICC, believes that there is no need to worry too much he told reporters that under the pressure of energy conservation and emission reduction, the relevant measures may have some impact on industrial production, but also to see that the country has increased the proportion of investment in the West this year, which will also bring some support for industrial production. Officials are also optimistic about the state of the industry this year. China's industry minister, Li Yizhong, said at a symposium in Shanghai that the annual industrial growth forecast was about 13% per cent. He stressed that the 11% expected targets proposed at the beginning of the year could be completed.