Employees work on the production line of a factory manufacturing fashion accessories in Sihong county, Jiangsu province, China March 27, 2019. Photo: Reuters

China’s industrial profits bounce back in July, but long-term view remains negative amid trade war escalation

  • Profits at China’s large industrial firms recovered in July, posting year-on-year growth of 2.6 per cent, following a decline of 3.1 per cent slump in June
  • However the overall picture is negative, with total industrial profits down 1.7 per cent so far this year, led by an 8.1 per cent slump by state sector firms
Topic |   China economy

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Employees work on the production line of a factory manufacturing fashion accessories in Sihong county, Jiangsu province, China March 27, 2019. Photo: Reuters
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Finbarr Bermingham

Finbarr Bermingham

Finbarr Bermingham has been reporting on Asian trade since 2014. Prior to this, he covered global trade and economics in London. He joined the Post in 2018, before which he was Asia Editor at Global Trade Review and Trade Correspondent for the International Business Times.