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BEIJING， July 27 (Xinhua) -- Profits of China's major industrial firms rose 6.2 percent year on year in H1， narrowing from a 6.4-percent rise registered in the first five months， official data showed on Wednesday.
Profits at industrial companies with annual revenue of more than 20 million yuan (about 3.1 million U.S. dollars) totaled 3 trillion yuan in the first six months， the National Bureau of Statistics (NBS) said.
In June， profits of major industrial firms rose 5.1 percent year on year to 616 billion yuan， widening from a 3.7-percent growth posted in May.
He Ping， an official with the NBS Department of Industry， attributed the growth in June to increased sales， a milder decline in factory product prices， lower business costs and destocking.
He noted that the profit growth in June was concentrated in a few sectors， including electronics and petroleum processing.
The profits of petroleum processing jumped 61.9 percent， up 60.7 percentage points from May， while profits of computer communications rose 19.5 percent in June， compared with a 15.1-percent loss in May.
In the first six months， state-owned enterprises' profits fell 8 percent， while those of foreign-invested companies increased 5 percent. Private businesses' profits rose 8.8 percent.
China's economy grew slightly faster than expectations in the second quarter of 2016， stable from the first quarter and fueling hopes that the economy is heading for a steady but slower period of development.
The country's GDP grew 6.7 percent year on year in the second quarter， which remained within the government's targeted range of between 6.5 and 7 percent for 2016.
Meanwhile， industrial output expanded 6.2 percent year on year in June， accelerating from a 6-percent increase in May. Retail sales rose 10.6 percent， a faster expansion from May's 10-percent growth.
BELGRADE Customized Kansas City Chiefs Jerseys , July 14 (Xinhua) -- Economic cooperation between Serbia and Australia can be expanded, with Serbian diaspora in that country remaining their biggest "bridge of cooperation," Australian Foreign Minister Julie Bishop said Friday.
During her official visit Cheap Kansas City Chiefs Jerseys , Bishop met newly-elected Serbian Prime Minister Ana Brnabic and the Foreign Minister Ivica Dacic. It was the first visit of an Australian FM to Serbia after 30 years.
During her meeting with Brnabic, Bishop praised Serbian progress in European integration and said that the Australian government supports efforts to open more accession chapters with the European Union as soon as possible.
The two agreed that "in future the two sides should work more on joint projects that give good results such as project Jadar." It refers to one of the largest lithium deposits in the world conducted by company Rio Tinto in Loznica, a city in west Serbia.
"At the meeting it was confirmed that Serbian diaspora in Australia represented one of the most important cooperation bridges of the past as well as for the future and that more attention should be directed to it by organizing different activities Steven Nelson Chiefs Jersey ," the government release reads.
According to the 2011 census in Australia around 70,000 people of Serbian ancestry or Serbian-born were registered mostly in Sydney, Melbourne and Perth and represent a large diaspora community in that country.
Brnabic told Bishop that there is a mutual interest to strengthen bilateral ties in the areas of economy Armani Watts Chiefs Jersey , culture and education, the government stated.
Bishop and Dacic agreed that there is a need to deepen and expand the specter of economic cooperation in areas such as exploitation of mines, investments Dorian O'Daniel Chiefs Jersey , agriculture and tourism, along with cooperation in culture, sports and other fields.
"The two sides have expressed interest for the simplification of the procedure for applying for Australian visas for Serbian citizens Derrick Nnadi Chiefs Jersey ," the ministry of foreign affairs of Serbia stated in a press release.
Chinese leaders call for stronger cooperation with Canada
Heavy rain causes waterlogging in Yongji, China's Jilin
Shared compartment service appears in office buildings in Shanghai
14th China Changchun Int'l Auto Expo kicks off in NE China
Chinese aircraft carrier formation conducts coordination training
Lotus flowers blossom at ancient town in SW China
Aerial photos show Hukou Waterfall of Yellow River
Special treat to cool off animals at Beijing Zoo
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