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
Topic |
China economy
October’s fall in industrial profits to was worse than a 5.3 per cent contraction in September. Photo: EPA-EFE
China’s 2020 growth rate is widely expected to be below 6 per cent, given growth slipped to 6.0 per cent in the third quarter of this year. Photo: Xinhua
China revises up 2018 GDP after new census, making it easier to double size of economy in 2020
- The National Bureau of Statistics has revised up its 2018 GDP by 2.1 per cent to 91.93 trillion yuan (US$13.1 trillion)
- Upwards revision makes it easier for China to reach goal of doubling the size of its economy between 2010 and 2020 with a lower growth rate next year
Topic |
China economy
China’s 2020 growth rate is widely expected to be below 6 per cent, given growth slipped to 6.0 per cent in the third quarter of this year. Photo: Xinhua