Advertisement
Advertisement
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
Updated: 10:35pm, 27 Dec, 2018
Advertisement
TOP PICKS
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
READ FULL ARTICLE
Advertisement
Advertisement
SCMP TODAY: INTL EDITION
Get updates direct to your inbox
By registering, you agree to our T&C and Privacy Policy
Thank you for your subscription.
You can also view our other newsletters.
Products & Services
Our Sites
DOWNLOAD THE SCMP APP
Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.