The following are the highlights of China's business news from the past week:
SLOWER GROWTH IN PORK PRICES
China saw a slower rise in pork prices as pig farmers' confidence in restoring production has been boosted by favorable government policies and market conditions, according to the Ministry of Agriculture and Rural Affairs Thursday.
China has rolled out 17 measures to support hog production since the end of August, and most of them have been implemented, according to the ministry.
INDUSTRIAL PROFITS
The profits of China's major industrial firms dropped 2 percent year on year in August, data from the National Bureau of Statistics (NBS) showed Friday.
The decline came after a 2.6 percent rise in July.
The decrease in August mainly resulted from the slowing growth in industrial production and sales, the expanding decline in the prices of industrial products, and other adverse factors like typhoons, said NBS senior statistician Zhu Hong.
CURRENT ACCOUNT SURPLUS IN H1
China reported a current account surplus of 88.2 billion U.S. dollars in the first half of 2019, latest data from the country's forex regulator showed Friday.
The reading equals 1.3 percent of the country's gross domestic product, according to a report released by the State Administration of Foreign Exchange (SAFE).
The country's capital and financial account recorded a surplus of 43 billion dollars, SAFE data showed.
