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China's April Industrial Profits Fall as Trade Standoff Worsens

  • SOEs profits drop almost 10% in the first 4 months of 2019
  • Private companies’ profits rose over the same period
Top Chinese Copper Producer Tongling Nonferrous Metals Group to Defy Gloom And Ramp-Up Output
Photographer: Qilai Shen/Bloomberg
By
Bloomberg News

The profits of China’s industrial companies fell in April even before President Donald Trump raised additional tariffs on imports from China, underscoring the fragility of the world’s second-largest economy.