Shanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: BloombergShanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: Bloomberg
Shanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: Bloomberg
Business /  China Business

Corporate China hit by worst earnings on record in 2018, as trade war bites

  • Losses related to goodwill soared to a record 166 billion yuan (US$24.65 billion) last year
  • Technology among sectors worst hit, but construction materials, defence make gains

Topic |   China economy
Laura He
Laura He

Updated: 10:27pm, 2 May, 2019

Why you can trust SCMP
Shanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: BloombergShanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: Bloomberg
Shanghai’s Pudong Lujiazui Financial District. The combined net profit of companies listed in Shanghai and Shenzhen was down 1.7 per cent year on year in 2018. Photo: Bloomberg
READ FULL ARTICLE