China’s industrial profits fell by 36.7 per cent in the first quarter of 2020. Photo: Xinhua
China’s industrial profits fell by 36.7 per cent in the first quarter of 2020. Photo: Xinhua

Coronavirus: China’s industrial giants see profits collapse in first quarter of 2020

  • From January to March, China’s industrial giants’ profits were down 36.7 per cent, with the energy and automotive sectors suffering huge drops
  • Chemicals and ferrous metals processing were next worst hit, as China’s efforts to reopen the economy continue

China’s industrial profits fell by 36.7 per cent in the first quarter of 2020. Photo: Xinhua
China’s industrial profits fell by 36.7 per cent in the first quarter of 2020. Photo: Xinhua
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