October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE
China’s October industrial profits post biggest fall since 2011 amid trade war and sliding producer prices
- Profits at China’s industrial enterprises shrank 9.9 per cent in October from a year earlier, the biggest fall since 2011
- The contraction shows continued problems for the world’s second largest economy as it battles slow growth amid a trade war with the United States
October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE