Economics
China’s Industrial Profit Growth Slowed Further in August
- Power, heat production sector profits fell 15.3% in Jan-Aug
- August profits were 680 billion yuan, lowest since Oct. 2020
Photographer: Wang Chun/Costfoto/Barcroft Media/Getty Images
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Profit growth at China’s industrial firms continued to slow in August as high commodity prices pushed up costs while constraints including virus outbreaks and a chip shortage curbed production.