The contraction in industrial profits suggests the growth of the world’s second largest economy will slow further in the fourth quarter from the decade-low gross domestic product (GDP) growth rate of 6.5 per cent in the third quarter. Photo: Handout
The contraction in industrial profits suggests the growth of the world’s second largest economy will slow further in the fourth quarter from the decade-low gross domestic product (GDP) growth rate of 6.5 per cent in the third quarter. Photo: Handout

China’s industrial profits drop for first time in three years due to trade war impact

  • Figures fall 1.8 per cent in November from a year earlier after industrial profit growth had decelerated in each of the previous seven months
  • National Statistics Bureau data is in line with other weak economic activity data for November including retail sales, industrial production and foreign direct investment

The contraction in industrial profits suggests the growth of the world’s second largest economy will slow further in the fourth quarter from the decade-low gross domestic product (GDP) growth rate of 6.5 per cent in the third quarter. Photo: Handout
The contraction in industrial profits suggests the growth of the world’s second largest economy will slow further in the fourth quarter from the decade-low gross domestic product (GDP) growth rate of 6.5 per cent in the third quarter. Photo: Handout
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