China’s industrial profits fell at slower pace in April, pressure remains
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China’s industrial profits fell at slower pace in April, pressure remains
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China’s industrial profits fell at slower pace in April, pressure remains

 

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Profits at China’s sizeable industrial companies continued to drop in the first four months of the year, although at a slower pace, due to the impact of the coronavirus outbreak.

Industrial companies saw profits decline by 27.4 per cent year-on-year over the first four months of 2020 to 1.26 trillion yuan, shows data from the National Bureau of Statistics (NBS) on Wednesday.

That marks further improvement from the 36.7 per cent drop in the first three months, and the record 38.3 per cent decline from a year ago . . .

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