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China’s industrial profit growth slowed sharply in 2018

China’s industrial firms see their earnings shrink for a second straight month in December, putting more pressure on policymakers to support industries amid a protracted US-Sino trade war.

December’s industrial profits fell 1.9 per cent from a year earlier, the worst monthly performance since the end of 2015, and the second consecutive monthly decline, according to data released by the National Bureau of Statistics (NBS) on Monday.

That dragged the full-year profit growth down to 10.3 per cent, compared to 21 per cent in 2017 . . .

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