The last plenary session of the 19th Central Committee of the Communist Party of China, which will this year be attended by around 400 delegates including top leaders, local governors and military top brass, took place in February 2019. Illustration: Henry Wong

China has a chance to kick-start its economic reforms, but will Xi Jinping push ahead at key meeting?

  • China’s Communist Party elite convene this week to discuss ‘modernisation’ of state governance at the fourth plenary session of the 19th Central Committee
  • Momentum for deregulation and market opening up is building after growth slowed to record low, but Xi Jinping seen unlikely to give up control of the economy
Topic |   China economy

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The last plenary session of the 19th Central Committee of the Communist Party of China, which will this year be attended by around 400 delegates including top leaders, local governors and military top brass, took place in February 2019. Illustration: Henry Wong
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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
Topic |   China economy

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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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