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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Sidney Leng

Sidney Leng

Sidney Leng joined the Post in 2015 after spending a year and a half working for US media, including National Public Radio and Foreign Policy Magazine. He has been covering China's macroeconomic policies and financial regulations since 2016.