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

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
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