«Revenues from industrial manufacturing in the IT sector in China increased by 6.3% year-on-year in the first quarter of 2019, while profits plummeted by 7%, due to an increase in operating costs of 6.2% in the same period. This is confirmed by data from the Ministry of Industry and Information Technology.
Investments in fixed assets in the sector saw an increase of 5.5% compared to a year ago, reversing the downward trend recorded after the first two months. According to the ministry, the profits of communications equipment manufacturers increased by 4.9% and those of computer manufacturers recorded a growth of 51.7%.
However, in the first quarter, mobile phone production in China shrank by 14.7% compared to the same period last year, according to Chinese ministry data. In the same period, the production of laptops decreased by 3% while that of tablets increased by 19.1%. "
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Source ANSA http://bit.ly/2VroLFT
