Briefly

Despite revenue dent, PetroChina Q1 profit up

Although Chinese oil giant PetroChina's first-quarter revenue fell 6 percent year-on-year to 732.47 billion yuan ($106 billion), its net profit rose by more than 12 percent to 43.62 billion yuan, the company said in a statement filed with the Shanghai Stock Exchange.

Hebei sees foreign trade increase

Hebei province in North China saw its foreign trade at 143.08 billion yuan ($20.7 billion) in the first quarter of 2023, up 17 percent year-on-year, according to the Customs authority in Shijiazhuang, the province's capital. During the period, Hebei's exports rose 22.3 percent year-on-year to 87.91 billion yuan, while its imports grew 9.5 percent to 55.17 billion yuan. Its exports of mechanical and electrical products and labor-intensive products maintained strong growth momentum in the first quarter.

Xinhua - China Daily