Overall profit growth in the manufacturing sector has slowed significantly
Release time：2017-03-14 Befrom：Weifang Machine Tool No.2 Factory Co. LTD
In the first five months of this year, coal mining, non-ferrous mining, oil and gas mining, iron and steel mining, non-metal mining, other mining and other upstream industries maintained a sustained boom. Iron and steel smelting, electric power, communication equipment, and transportation equipment, four major industries, grew slowly or negatively, while the profit growth of other industries in the manufacturing industry remained between 20% and 40%, resulting in a significant slowdown in the overall profit growth of the manufacturing industry. This is expected to continue for a long time, as the slow growth in investment in capacity in the upstream mining sector, where profits are growing fast, shows that upstream investment in capacity is constrained by resource scarcity and regulation, while investment in manufacturing remains relatively fast.
