Corporate profits turn grants China higher

- Driven by rising corporate earnings reports, books a few Chinese stock markets on Monday for the second consecutive trading day gains.

Analysts therefore see new signs of stabilization in the second largest economy in the world. Sunday the country reported favorable figures.
The Shanghai Composite gained back 0.5% on Monday.

The Hong Kong stock market was closed for the holidays. In Japan, the Nikkei gained 0.8%

Helps Yuan

The results were helped by the weak yuan, now at a three-week lows against the dollar has fallen. The US currency rose in value.

The need to keep interest rates further by the central bank of China decline has decreased this.
 

Cover Continues

The direction of growth in China, analysts well. The results are now coming more frequently from greater sales of consumer products.

The Chinese government wants a shift from an industrial society to an economy driven floating more on services and consumer products.

Mining and other commodities companies saw still fall sharply their profits in January and February.
 

Increase Profits

Net Profits of companies breakthroughs according to figures for January by an average 4.8% increase to over € 107 billion loss series of seven months, reported the National Bureau of Statistics Sunday.

In December, the profit sank by 4.7%. This was the seventh month of profit decline in a row.

However, the so-called Beige Book showed China still to decrease investment in China and that job growth has weakened to a four year low.