China’s industrial profit growth slowed for 6th straight month in August

2021-09-28 2022-07-25

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Growth of China’s industrial profits slowed in August for a sixth consecutive month as companies struggled with high commodity prices, Covid-19 flare-ups and shortages in some key materials and components.

Industrial profits grew by 10.1 per cent last month from a year earlier to 680.3 billion yuan, easing from a 16.4 per cent gain in July, data from China’s statistics bureau showed on Tuesday.

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