China Industrial Profits Set for Steepest Annual Drop Since 2000

China Industrial Profits Set for Steepest Annual Drop Since 2000

China’s industrial firms saw their profits drop in November for a fourth straight month, on track for the sharpest annual decline since records began in 2000.

Industrial profits at large Chinese companies fell 7.3% last month compared to a year ago, the National Bureau of Statistics said in a statement on Friday. That compares with a Bloomberg Economics forecastBloomberg Terminal for a decline of about 6%.

Source link

Visited 1 times, 1 visit(s) today

Leave a Reply

Your email address will not be published. Required fields are marked *