China’s Industrial Profits Drop as Covid Surges, Prices Fall
This article is for subscribers only.
Profits at industrial firms in China continued to decline in the first 10 months of the year, weighed down by Covid restrictions and falling factory-gate prices.
Industrial profits in the January-to-October period fell 3.0% from a year earlier, data from the National Bureau of Statistics showed Sunday. That compared with a decline of 2.3% in the first nine months.