A worker walks past a storage facility for a steel-processing centre in Guangzhou, Guangdong province, this month. Industrial production in China increased by 5.6 per cent in August from a year earlier. Photo: Xinhua A worker walks past a storage facility for a steel-processing centre in Guangzhou, Guangdong province, this month. Industrial production in China increased by 5.6 per cent in August from a year earlier. Photo: Xinhua
A worker walks past a storage facility for a steel-processing centre in Guangzhou, Guangdong province, this month. Industrial production in China increased by 5.6 per cent in August from a year earlier. Photo: Xinhua

China’s industrial giants see profit growth for fourth straight month in August, but still down in 2020

  • Industrial profits at China’s biggest firms declined by 4.4 per cent in first eight months, compared with the same period last year
  • Stable recovery of production and demand is due in large part to the rapid recovery of profits in equipment manufacturing, electrical machinery and raw material sectors

Topic |   China economy
A worker walks past a storage facility for a steel-processing centre in Guangzhou, Guangdong province, this month. Industrial production in China increased by 5.6 per cent in August from a year earlier. Photo: Xinhua A worker walks past a storage facility for a steel-processing centre in Guangzhou, Guangdong province, this month. Industrial production in China increased by 5.6 per cent in August from a year earlier. Photo: Xinhua
A worker walks past a storage facility for a steel-processing centre in Guangzhou, Guangdong province, this month. Industrial production in China increased by 5.6 per cent in August from a year earlier. Photo: Xinhua
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