The profit fall in September for China’s industrial sector marks an acceleration from the drop of 2 per cent in August and is the biggest decline since August 2015. Photo: Reuters
The profit fall in September for China’s industrial sector marks an acceleration from the drop of 2 per cent in August and is the biggest decline since August 2015. Photo: Reuters

China industrial profits in biggest fall in four years as US tariffs bite

  • Profits at China’s industrial enterprises shrank 5.3 per cent in September, marking the deepest fall in four years, according to data from the National Bureau of Statistics
  • The fall of profits shows trouble for the world’s second biggest economy as the trade war with the US takes toll on China’s economic activity

The profit fall in September for China’s industrial sector marks an acceleration from the drop of 2 per cent in August and is the biggest decline since August 2015. Photo: Reuters
The profit fall in September for China’s industrial sector marks an acceleration from the drop of 2 per cent in August and is the biggest decline since August 2015. Photo: Reuters
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