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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

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.