Indicators
China Industrial Profits Decline Again on Covid, Property
- Firms still affected by high costs, operations challenges: NBS
- Auto manufacturing Sept. profits jump as supply chains recover
This article is for subscribers only.
Profits at industrial firms in China shrank in the first nine months of the year, as Covid disruptions and a property slump continued to weigh on companies’ bottom lines.
Industrial profits in the January-to-September period fell 2.3% compared to the same time frame a year ago, data from the National Bureau of Statistics showed Thursday. That compared with a decline of 2.1% in the first eight months.