The drop in January-November profits was mainly driven by declining profits in the steel and oil processing sectors and two key COVID-19 vaccine enterprises, NBS senior statistician Zhu Hong said in a statement accompanying the data.

国家统计局高级统计师朱红在数据附带的一份声明中表示，1月至11月利润下降的主要原因是钢铁和石油加工行业以及两家新冠肺炎疫苗关键企业的利润下降。

Zhu Hong, a senior NBS statistician, highlighted the improvement in the overall business profit structure in November, saying it is driven by government efforts to rein in rising raw material prices and ease the pressure exerted by high costs of downstream industries.

国家统计局高级统计师朱虹强调了11月整体企业利润结构的改善，称这是由政府努力控制原材料价格上涨和缓解下游行业高成本带来的压力推动的。

The company's in-house statistician said presale orders between May 24 and May 25 were valued 6.4 times that of the same period last year, and the number of presale products jumped 4.4 times.

China's major industrial companies registered robust profit growth in the first two months of the year, and NBS statistician He Ping attributed this to increased industrial production, raw material price increases and an uptick in profitability.

Dong Lijuan, a NBS statistician, said the narrowed year-on-year decline in CPI as well as the month-on-month growth in CPI came mainly due to multiple factors including cold weather and the increase in pre-holiday consumer demand.

Zhao Qinghe, an NBS statistician, said in a statement posted on the bureau's website that manufacturing PMI declined as December marks the off-season for some raw materials sectors.

NBS statistician Yu Weining said the latest data point to a continued recovery trend in industrial profits, and the focus should be placed on expanding domestic demand, stimulating the vitality of various entities and promoting new industrialization.

Dong Lijuan, an NBS statistician, said the decline is mainly due to the drop in prices of food and energy.

Zhao Qinghe, an NBS statistician, said the manufacturing PMI declined as November marks the traditional offseason for some manufacturing sectors, and the reading was also impacted by factors such as insufficient market demand.

The business activities sub-indexes of transport, accommodation, catering, and entertainment went down, as the base in October was high, said senior NBS statistician Zhao Qinghe.

Zhao Qinghe, an NBS statistician, said that manufacturing PMI declined as November marks the traditional off-season for some manufacturing sectors, and the reading was also impacted by factors such as insufficient market demand.

Yu Weining, a statistician at the NBS, attributed the continued recovery in industrial profits to the steady rebound in industrial production and improved corporate profitability with a series of macro policies taking effect gradually.

In October, 56 out of the 70 Chinese cities tracked by the National Bureau of Statistics reported month-on-month declines in new home prices, two more than a month ago; and in terms of year-on-year, the number of cities reporting price fall was 47, two more than the previous month, said Shen Yun, a senior statistician with the National Bureau of Statistics (NBS) urban division.

Dong Lijuan, an NBS statistician, attributed the decline to ample food supply thanks to good weather and falling consumer demand after the combined Mid-Autumn Festival and National Day holiday.

Dong Lijuan, an NBS statistician, attributed the decline to an ample supply of food thanks to good weather and falling consumer demand after the combined Mid-Autumn and National Day holiday.

"The level of economic prosperity has fallen in China, and the foundation for continued recovery still needs consolidation," Zhao Qinghe, an NBS statistician, said in a statement posted on the bureau's website.

Yu Weining, a statistician at the NBS, said: "Industrial profits showed an apparent recovery in the first three quarters thanks to a combination of macro policies.

"The emerging economy, which is spearheaded by new industries and businesses, has grown into a major driver for economic transformation and upgrading, and for energizing the economy," said Li Yin, a statistician with the NBS.

Dong Lijuan, an NBS statistician, said China's CPI stayed flat in September due to the high comparison base in the previous year.

Zhao Qinghe, an NBS statistician, said, "It is necessary to focus on implementing the policy measures that have been introduced and bringing their effects into play to further consolidate the continuously improving economic conditions.

Nevertheless, Zhao Qinghe, an NBS statistician, said the recovery of the manufacturing sector still faces headwinds as the proportion of manufacturers reporting heightened industry competition, high raw material costs and tight cash flow increased in September.

Yu Weining, a statistician at the NBS, attributed the improvement in industrial profits to the steady rebound in industrial production and improved corporate profitability with a series of stimulus measures gradually taking effect.

xa0Wei Ning, a statistician at the NBS, attributed the improvement in industrial profits to the steady rebound in industrial production and improved corporate profitability with a series of stimulus measures taking effect gradually.

The NBS statistician Dong Lijuan attributed the CPI pick-up to the continuous improvement of the country's consumer market and supply-demand relationship.

Dong Lijuan, an NBS statistician, said China's consumer inflation turned positive in August with continued recovery in the consumer market and improvement in demand and supply.

There was an overall improvement in the manufacturing climate, NBS statistician Zhao Qinghe said.

Zhao Qinghe, a senior NBS statistician, said manufacturers expressed more robust optimism and confidence with the help of a raft of supportive government measures announced recently, with the gauge for manufacturers' expectations for their production and operation increasing to 55.6 in August from 55.1 in July.

Industrial profits have narrowed their declines month by month since the beginning of this year, Sun Xiao, a statistician at the NBS, said in a statement on Sunday, adding that efforts will focus on implementing macro policies in a precise manner to expand effective demand, boost market confidence, stimulate market vitality and promote continued recovery in the industrial economy.

The NBS statistician Dong Lijuan attributed the decline to a high base in the corresponding period of 2022.

Dong Lijuan, an NBS statistician, said the CPI dropped year-on-year due to a high comparison base in the previous year.

Meanwhile, manufacturers expressed stronger optimism and confidence with a raft of government measures to promote the development of the private sector, expand domestic demand and boost consumption, said Zhao Qinghe, a senior NBS statistician.

Sun Xiao, a statistician at the NBS, mainly attributed the easing dip in profits to the steady recovery in industrial production and improved profit margins, which were a result of sustained policy efforts to promote steady economic growth.

Dong Lijuan, an NBS statistician, said the fall in factory-gate prices was affected by declining prices in commodities like oil and coal as well as a high comparison base in the previous year.

Dong Lijuan, an NBS statistician, said May's CPI picked up marginally with the gradual recovery in consumer demand, while the fall in factory-gate prices was affected by declining international commodity prices, weak demand for industrial products at both home and abroad, as well as a high comparison base in the previous year.

Dong Lijuan, an NBS statistician, said the consumer inflation picked up marginally with the gradual recovery in consumer demand, while the fall in factory-gate prices was affected by declining international commodity prices, weak demand for industrial products at both home and abroad, as well as a high comparison base in the previous year.

Zhao Qinghe, a senior NBS statistician, said Chinese businesses came under pressure in May, and more efforts should be made to consolidate the foundation for economic recovery.

Zhao Qinghe, a senior NBS statistician, said China's business came under pressure in May, and more efforts should be made to consolidate the foundation for economic recovery.

Sun Xiao, a statistician at the NBS, said that industrial enterprises are facing difficulties amid a grim international environment and more efforts should be made to expand demand, shore up confidence and spur market vitality.

Sun Xiao, a statistician at the NBS, said while the latest data showed the continued recovery trend in industrial profits, industrial companies still face difficulties amid a complicated and grim international environment and insufficient demand.

Dong Lijuan, an NBS statistician, said the consumer inflation eased in April due to sufficient market supplies and a high comparison in the previous year, while the fall in factory-gate prices was affected by the fluctuations in international commodity prices, weak market demand at both home and abroad, as well as a high comparison base in the previous year.

This month's drop in the manufacturing PMI comes amid insufficient market demand and the high comparison base in the first quarter due to a rapid recovery in the manufacturing sector, said Zhao Qinghe, a senior NBS statistician, adding that the sub-indexes for production and new orders came in at 50.2 and 48.8 in April, both down from the previous month.

This month's drop in the manufacturing PMI comes as insufficient market demand and the high comparison base in the first quarter due to a rapid recovery in the manufacturing sector, said Zhao Qinghe, a senior NBS statistician, adding that the sub-indexes for production and new orders came in at 50.2 and 48.8 in April, both down from the previous month.

Sun Xiao, a statistician at the NBS, said while industrial profits declined sharply at a slower pace, the declining upstream prices can help improve the industrial profits in downstream industries.

In March alone, profits of major industrial firms declined 19.2 percent year-on-year, narrowing 3.7 percentage points from that in the first two months, said NBS statistician Sun Xiao.

Dong Lijuan, an NBS statistician, said consumer inflation eased in March due to the continued resumption of production and economic activity as well as sufficient market supply, while the fall in factory-gate prices was affected by a high comparison base from the previous year.

Dong Lijuan, an NBS statistician, said the consumer inflation eased in March due to continued resumption of production and life as well as sufficient market supplies, while the fall in factory-gate prices was affected by a high comparison base in the previous year.

Such a trend is in line with the country's official manufacturing PMI released by the National Bureau of Statistics last Friday, which fell to 51.9 in March from 52.6 in February, as "growth for new orders and new exports orders eased", in the words of an NBS statistician.

"The economy continued to stabilize and pick up," said Zhao Qinghe, a senior NBS statistician, adding that production and market orders of the manufacturing sector further recovered while reviving consumer spending and business travel boosted relevant segments of the services sector.

Despite a slowdown compared with February, production and market orders of the manufacturing sector continued to expand rapidly this month, said Zhao Qinghe, a senior NBS statistician, adding that the sub-index gauging enterprises' purchasing activity stood at 53.5 in March, the highest reading in more than two years.

Sun Xiao, a senior NBS statistician, said that market demand, despite an uptick in industrial output, has not yet fully recovered.

NBS statistician Sun Xiao said demand for electricity has been on the rise and power generation continued to grow from January to February as industrial production recovers, which contributed to a 53.1 percent year-on-year increase of profits in the power industry.

Going forward, with work and life returning to normal order and market demand gaining gradual recovery, supply and demand will be better matched, and the profits of industrial enterprises will pick up in a well-paced manner, said Sun Xiao, a statistician from the NBS.

The slower CPI increase in February was mainly affected by a pullback in consumer demand after the Spring Festival holiday in January and ample market supplies, said Dong Lijuan, an NBS statistician.

Dong Lijuan, an NBS statistician, attributed the consumer inflation eased in February due to factors including the decline in consumer demand after the January Spring Festival holiday and sufficient market supplies, while the fall in factory-gate prices was affected by a high comparison base in the previous year.

Zhao Qinghe, a senior statistician with the NBS, attributed the improvement in economic activity to the accelerated resumption of work and production, as well as the reopening of businesses, as stimulus policy measures further take effect, and the country gradually shakes off the COVID-19 impact.

Zhao Qinghe, a senior statistician with the NBS, attributed the improvement in economic activity to the accelerated resumption of work and production as well as the reopening of the business, as stimulus policy measures further take effect and the country gradually shakes off the COVID-19 impact.

Dong Lijuan, an NBS statistician, attributed the acceleration in CPI inflation to factors such as the Chinese New Year holiday effect and the optimization of COVID-19 control measures, while the fall in factory-gate prices was affected by international oil price fluctuations and China's falling coal prices.

Dong Lijuan, an NBS statistician, said the fall in factory-gate prices was affected by international oil price fluctuations and China's falling coal prices, while consumer inflation accelerated in January due to factors such as seasonal patterns and the optimization of COVID-19 control measures.

Yet the foundation for recovery "needs to be further consolidated", said Zhao Qinghe, a senior statistician at the NBS, citing that insufficient market demand remains the most important problem facing the production and operations of enterprises.

Senior NBS statistician Zhu Hong highlighted the improvement in the profit structure of the industry's upstream and downstream links in 2022, despite contraction in profits.

Zhao Qinghe, a senior statistician at the NBS, noted the improvement in China's vast manufacturing sector, saying that factory activity expanded due to resumption of normal production and daily life.

The services activity ended its six-month losing streak in January and returned to positive territory, with a sharp rebound in the business climate, senior NBS statistician Zhao Qinghe said.

Zhao Qinghe, a senior statistician with the NBS, attributed the improvement in China's vast manufacturing sector to the gradual normalcy of production and life order and the implementation of a new COVID-19 response.

Dong Lijuan, an NBS statistician, attributed China's stable prices to the government's measures to effectively coordinate COVID-19 controls with economic and social development and ensure stable supply and prices.

Zhao Qinghe, a senior statistician with the NBS, linked COVID disruption to declines in both demand and supply in the manufacturing sector as well as logistics.

The epidemic weighed on the December reading, the bureau's senior statistician Zhao Qinghe said.

With the implementation of optimized COVID-19 response and pro-consumption measures, China will see stronger domestic consumption demand, said NBS statistician Fu Jiaqi.

Zhao Qinghe, a senior statistician with the NBS, said China's factory activity shrank in November amid renewed COVID-19 outbreaks and a more complicated and grimmer international environment.

Zhao Qinghe, a senior statistician with the NBS, linked COVID disruption to declines in both demand and supply in the manufacturing sector.

Zhu Hong, a senior statistician with the bureau, said industrial profits were weighed down by renewed domestic COVID cases and weak factory-gate prices.

Senior NBS statistician Zhu Hong attributed the revenue growth moderation and profit slip of industrial firms to multiple factors, including the scattered and rising COVID-19 cases at home and the reversal of positive growth in the producer price index, which measures costs for goods at the factory gate.

The decline was caused by factors such as multiple and sporadic COVID-19 cases in October, said Zhao Qinghe, a senior statistician with the NBS.

Sporadic and scattered COVID-19 outbreaks weighed on the October reading, the bureau's senior statistician Zhao Qinghe said.

Zhu Hong, a senior statistician with the bureau, said that while industrial profits fell in September, the decline narrowed by 6 percentage points from August.

"As measures of stabilizing the economy continued to take effect in September and the negative effects of heat waves waned, manufacturing PMI has bounced back to expansionary territory," said Zhao Qinghe, a senior statistician with the NBS.

"As supportive measures of stabilizing the economy continued to take effect in September and the negative effects of heat waves waned, manufacturing PMI has bounced back to expansion territory," said Zhao Qinghe, a senior statistician with the NBS.

"As policies and measures to stabilize the economy continue to take effect this month, and the negative effects of heat waves wane, the manufacturing PMI has bounced back to the expansion territory," the bureau's senior statistician Zhao Qinghe said.

Zhu Hong, a senior statistician at the National Bureau of Statistics, said that industrial profits improved in August, registering a narrowed year-on-year contraction compared with the previous month.

China has been pushing forward the construction of 5G and gigabit optical networks, fostering the internet, big data and artificial intelligence sectors, and promoting deep integration between the digital economy and the real economy, said He Qiang, a statistician with the bureau.

Zhao Qinghe, an NBS senior statistician, said despite headwinds of COVID-19 and extreme weather, the economy maintained its recovery momentum in August.

Zhao Qinghe, a senior statistician with the NBS, said despite facing disruptions from COVID-19 outbreaks and high temperatures, the economy maintained its recovery momentum in August.

NBS senior statistician Zhu Hong highlighted the recovery of the equipment manufacturing industry and the uptick of industrial profits of the automobile manufacturing sector, as supply and production chains are resuming, and pro-consumption policies such as the car purchase tax cuts are taking effect.

Zhao Qinghe, a senior statistician with the National Bureau of Statistics, said the reading came amid weakening market demand, calling for more efforts to consolidate the recovery momentum in the manufacturing sector.

Zhu Hong, a senior statistician at the bureau, said profit growth in June was assisted by a recovery in industrial and supply chains.

Zhu Hong, a senior statistician at the NBS, said the profits growth in June was helped by a recovery in industrial and supply chains from disruptions caused by the pandemic.

The number of cities reporting year-on-year growth in new home prices shrank from 23 to 21, said Sheng Guoqing, chief statistician with the NBS urban division.

Senior NBS statistician Dong Lijuan attributed the PPI ease to continued efforts to accelerate production resumption and unclog industrial and supply chains, as well as effective policies to ensure stable prices and supplies.

On a monthly basis, June's CPI reversed the 0.2-percent decline in May to remain flat due to effective COVID-19 control and a sufficient supply of consumer goods, noted Dong Lijuan, a senior statistician with the NBS.

Zhao Qinghe, a senior statistician with the NBS, attributed the recovery to the government's effective measures to control the pandemic and implement a package of stimulus policy measures aimed at stabilizing the economy.

Zhao Qinghe, a senior statistician with the NBS, said China's economic recovery is gathering pace with better containment of the pandemic and stronger policy support.

Commenting on the reading in May, senior NBS statistician Zhu Hong attributed the slower contraction to effective epidemic control, recovering business activities and progress achieved in smoothing logistics.

Zhu Hong, senior statistician at the NBS, said the improvement in industrial profits was due to the government's effective measures to contain COVID, resume work and production, and ensure smooth logistics.

Zhu Hong, a senior statistician with the NBS, attributed the slower contraction to effective epidemic control, recovering business activities and progress achieved in smoothing logistics in the country.

Zhao Qinghe, a senior statistician at the NBS, said that while China's economy has been severely affected by the COVID-19 pandemic and changes in the international situation, work and production have resumed gradually in hard-hit regions.

Zhao Qinghe, a senior statistician at NBS, said while China's economy has been severely impacted by the pandemic and changes in the international situation, work and production have resumed gradually in hard-hit regions.

Zhu Hong, a senior statistician with the bureau, said that while the April results were severely affected by resurgent domestic COVID-19 cases, the impact of the pandemic will gradually ease.

On a monthly basis, the consumer price index inched up 0.4 percent partly due to the domestic resurgence of COVID-19 and the continuous rise of bulk commodity prices across the globe, noted Dong Lijuan, a senior statistician with the NBS.

Zhu Hong, a senior statistician with the bureau, said while industrial production is affected by COVID-19 outbreaks, the impact will gradually ease off upon improved control of the pandemic and a gradual resumption of work and production.

Dong Lijuan, a senior NBS statistician, said that consumer inflation rose at a faster pace amid domestic COVID-19 cases and rising international commodity prices.

Many enterprises have reported rising difficulties in logistics and transportation, the supply of key raw materials and components, sales of finished products, and inventory backlogs, said Zhao Qinghe, a senior statistician with the NBS.