PROFITS at industrial firms in China continued to decline in the first 10 months of the year, weighed down by Covid restrictions and falling factory-gate prices, reports Bloomberg. Industrial profits in the January-to-October period fell three per cent from a year earlier, according to data from the National Bureau of Statistics. That compared with a decline of two per cent in the first nine months. The bureau hasn’t released single-month data since June. ‘The structure is in general improved...
https://www.seanews.com.tr/china-industrial-profits-continued-to-decline-in-first-10-months/195153/