Nearly half of the 1,462 companies listed on the Shenzhen Stock Exchange expect to see profit declines or losses according to their third-quarter profit forecasts.
The central government is asking major coal production regions to keep annual coal output growth below 4 percent due to shrinking demand and declining prices, in a move to help the industry become sustainable, a senior official said.
Steel prices in Shanxi continue to soar after the first increase of 20 yuan to 60 yuan ($3.20 to $9.50) per ton on Oct 8, the first day after Golden Week. The price of high-speed wire steel increased by 20 to 60 yuan per ton on average.
The price of some Fenjiu liquor products will rise by 20 percent on average, according to an announcement by Shanxi Xinghuacun Fenjiu Liquor Group on Oct 9.
Shanxi province drew 22.48 million domestic and international tourists, a 43.77 percent increase over the previous year, and received record tourism revenue of 14.4 billion yuan ($2.29 billion), 67.08 percent higher compared to a year earlier, during the eight-day Golden Week holiday.
Shanxi province signed 25 contracts with a total investment of 6.83 billion yuan ($1.08 billion) at the four-day ninth International Small and Medium-Sized Enterprises Expo, which closed on Sept 25 in Guangzhou.
