Industrial firms saw profits fall by 27.4 per cent over the first four months of 2020. Photo: APIndustrial firms saw profits fall by 27.4 per cent over the first four months of 2020. Photo: AP
Industrial firms saw profits fall by 27.4 per cent over the first four months of 2020. Photo: AP

China’s industrial giants remain under pressure as profits continue to decline, but at slower pace

  • From January to April, China’s industrial giants’ profits were down 27.4 per cent
  • This was a further slight improvement from the 36.7 per cent drop over the first three months, and the record 38.3 per cent drop from a year ago in the first two months of 2020
Topic |   China economy
Industrial firms saw profits fall by 27.4 per cent over the first four months of 2020. Photo: APIndustrial firms saw profits fall by 27.4 per cent over the first four months of 2020. Photo: AP
Industrial firms saw profits fall by 27.4 per cent over the first four months of 2020. Photo: AP
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