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
Topic |   China economy

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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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