Profits generated by Chinese industrial companies plunged the most so far this year in October, primarily dragged by the weakening manufacturing sector, underscoring continued pressure on the world’s second largest economy as it battles slow growth amid a trade war with the United States.
Industrial profit fell 9.9 per cent in October year-on-year to 427.56 billion yuan ($60.74 billion), data released by the National Bureau of Statistics showed on Wednesday, marking . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- DETAILS MATTER - we bring you details that you won't find elsewhere
- THE WIRE - up-to-the-minute updates of market-moving news and views
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
LIMITED-TIME OFFER - 40% OFF
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In