Momentum in the world’s second-biggest economy has weakened in recent months with its vast manufacturing sector buffeted by gathering headwinds. Photo: AFP
Momentum in the world’s second-biggest economy has weakened in recent months with its vast manufacturing sector buffeted by gathering headwinds. Photo: AFP

China’s industrial profit growth slows due to high commodity prices, coronavirus, component shortages

  • Profits rose 10.1 per cent year on year to 680.3 billion yuan (US$105 billion) last month compared with a 16.4 per cent gain in July
  • Industrial production rose in August at its slackest pace since July 2020, weighed by coronavirus outbreaks, high raw material prices and Beijing’s bid to cut carbon emissions

Topic |   China's economic recovery
Momentum in the world’s second-biggest economy has weakened in recent months with its vast manufacturing sector buffeted by gathering headwinds. Photo: AFP
Momentum in the world’s second-biggest economy has weakened in recent months with its vast manufacturing sector buffeted by gathering headwinds. Photo: AFP
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