The data tracks profits from firms that report more than 20 million yuan (US$2.98 million) in revenue from their main business, and it is divided into private and public sector companies. Photo: Reuters

China’s economic concerns mount as industrial profits crash to lowest since 2011

  • Industrial profits stood at 708 billion yuan (US$105.4 billion) for January and February, according to figures released by the National Bureau of Statistics
  • Manufacturing profits fell by 15.7 per cent year-on-year, with profits from oil processing companies collapsing 70.4 per cent
Topic |   China economy

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The data tracks profits from firms that report more than 20 million yuan (US$2.98 million) in revenue from their main business, and it is divided into private and public sector companies. Photo: Reuters
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Estimates of the size of annual revenues in the private education sector vary among industry experts, from L.E.K. Consulting’s 1.6 trillion yuan (US$238 billion) to audit and advisory firm Deloitte’s 2.68 trillion yuan. Photo: Handout

China’s private tutoring industry is booming despite economic slowdown

  • Estimates of the size of annual revenues in the private education sector vary from 1.6 trillion yuan (US$238 billion) to 2.68 trillion yuan from Deloitte
  • Online education market was valued at 251.7 billion yuan (US$37 billion) last year and will reach 380.7 billion yuan in 2020, consultancy firm says
Topic |   China economy

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Estimates of the size of annual revenues in the private education sector vary among industry experts, from L.E.K. Consulting’s 1.6 trillion yuan (US$238 billion) to audit and advisory firm Deloitte’s 2.68 trillion yuan. Photo: Handout
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