China's first 3 quarters of plastic machinery enterprises production fell 18.3%
According to data released on the website of China's Ministry of Industry and Information Technology, from January to September 2020, China's plastic machinery enterprises above designated size produced a total of 228,000 units, down 18.3 percent year-on-year; achieved operating income of 55.11 billion yuan, up 16.4 percent year-on-year; and achieved total profits of 6.31 billion yuan, up 47.6 percent year-on-year.
According to the data, in the third quarter, production, operating income and total profit increased by 37.0%, 36.0% and 77.0% respectively year-on-year.
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