Briefly

Plastics sector posts higher revenue, profits

China's manufacturers of plastic products posted higher revenue and profits in the first 10 months of the year, official data showed. The combined operating revenue of the country's plastics sector totaled 1.77 trillion yuan ($278 billion), jumping some 15 percent year-on-year, according to the Ministry of Industry and Information Technology. Manufacturers of plastic products raked in 98.39 billion yuan in profits in the first 10 months, up a tad year-on-year. Their output rose nearly 9 percent year-on-year to 65.22 million tons in the January-October period, the ministry said.

Non-cash payments grow steadily in Q3

Non-cash payments handled by Chinese banks maintained steady growth in the third quarter of this year, with mobile payments sustaining growth momentum, according to a central bank report. Non-cash payments, involving bank cards, online payment vehicles, commercial papers, credit transfer and other settlements, stood at around 1.1 quadrillion yuan ($174 trillion) in the third quarter, up more than 6 percent year-on-year, the People's Bank of China, the central bank, said in the report. Of the total, mobile payments sustained an upward trend to 126.81 trillion yuan, up nearly 9 percent year-on-year.

Xinhua