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
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

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