Profit growth at China’s industrial firms slowed for a sixth month as plants fought off high commodity prices, COVID-19 outbreaks and part shortages, with an unfolding power crisis a growing threat to output and bottom-lines. Profits rose 10.1% on year in August to 680.3 billion yuan ($105 billion) compared with a 16.4% gain in July, …
The post China’s factory profits slow as industries brace for power crisis first appeared on Hellenic Shipping News Worldwide.
Author: Capt. John