China's Industrial Profits Post First Annual Drop Since 2000
- 'We expect profit growth to remain weak,' Goldman Sachs says
- NBS: Weak demand led to big deceleration in sales, production
China's Growth Pains: Why You Shouldn't Be So Pessimistic
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Profits at industrial companies in China posted their first annual decline in data since at least 2000 as demand and sales weakened amid the economic slowdown.
Cumulative profits of China’s industrial enterprises fell 2.3 percent in 2015, the National Bureau of Statistics said Wednesday, after a 3.3 percent gain the prior year that was the weakest in at least 15 years. Profits in December fell 4.7 percent from a year earlier, slumping for a seventh month, after a 1.4 percent drop in November.