A decline is profits is partly due to slow growth of the producer price index for industrial products (PPI), also known as the factory gate price, indicating weak demand for industrial goods. Photo: Reuters

Trade war fears and low demand sees profit growth at China’s industrial giants cut in half

  • Industrial profit growth falls for eight consecutive months since April, dragging the full-year growth down to 10.3 per cent, compared to 21 per cent in 2017
  • December’s industrial profits also fell 1.9 per cent from a year earlier, the worst monthly performance since 2015
Topic |   China economy

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A decline is profits is partly due to slow growth of the producer price index for industrial products (PPI), also known as the factory gate price, indicating weak demand for industrial goods. Photo: Reuters
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A view of downtown Chongqing. The rise and fall of the city’s economy offers a micro view of China’s painful process of rebalancing its economy. Photo: Simon Song

In China industrial heartland city of Chongqing, a painful economic transition is on full display

  • Chongqing is hooked on expensive government infrastructure projects
  • The city’s dominant car sector is weakening, raising fears for the wider private economy
Topic |   China economy

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A view of downtown Chongqing. The rise and fall of the city’s economy offers a micro view of China’s painful process of rebalancing its economy. Photo: Simon Song
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