The drop in China’s industrial profits was larger than the 37.3 per cent contraction in the first two months of 2009 amid the global financial crisis, at a time when China had just rolled out its 4 trillion yuan (US$56 billion) stimulus package. Photo: XinhuaThe drop in China’s industrial profits was larger than the 37.3 per cent contraction in the first two months of 2009 amid the global financial crisis, at a time when China had just rolled out its 4 trillion yuan (US$56 billion) stimulus package. Photo: Xinhua
The drop in China’s industrial profits was larger than the 37.3 per cent contraction in the first two months of 2009 amid the global financial crisis, at a time when China had just rolled out its 4 trillion yuan (US$56 billion) stimulus package. Photo: Xinhua

Coronavirus: China’s industrial firms’ profits plummeted almost 40 per cent at start of 2020

  • Profits plummeted 38.3 per cent from a year ago in the first two months of 2020 to 410.7 billion yuan (US$56 million)
  • A total of 37 out of the 41 industrial divisions witnessed a decline with China as virus containment measures weighed on the economy

Topic |   Coronavirus pandemic
The drop in China’s industrial profits was larger than the 37.3 per cent contraction in the first two months of 2009 amid the global financial crisis, at a time when China had just rolled out its 4 trillion yuan (US$56 billion) stimulus package. Photo: XinhuaThe drop in China’s industrial profits was larger than the 37.3 per cent contraction in the first two months of 2009 amid the global financial crisis, at a time when China had just rolled out its 4 trillion yuan (US$56 billion) stimulus package. Photo: Xinhua
The drop in China’s industrial profits was larger than the 37.3 per cent contraction in the first two months of 2009 amid the global financial crisis, at a time when China had just rolled out its 4 trillion yuan (US$56 billion) stimulus package. Photo: Xinhua
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