Profits rose by 4.2 per cent year-on-year in December, the slowest rate since April 2020, to 734.2 billion yuan (US$116 billion), compared with a 9 per cent gain in November. Photo: Xinhua
Profits rose by 4.2 per cent year-on-year in December, the slowest rate since April 2020, to 734.2 billion yuan (US$116 billion), compared with a 9 per cent gain in November. Photo: Xinhua
China's economic recovery
Economy /  Economic Indicators

China’s industrial firms see profits grow at slowest pace since April 2020

  • Profits rose by 4.2 per cent year-on-year in December, the slowest rate since April 2020, to 734.2 billion yuan (US$116 billion), compared with a 9 per cent gain in November
  • For 2021, industrial firms’ profits rose by a whopping 34.3 per cent year-on-year to 8.7 trillion yuan (US$1.38 trillion)

Reuters
Reuters

Updated: 3:02pm, 27 Jan, 2022

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Profits rose by 4.2 per cent year-on-year in December, the slowest rate since April 2020, to 734.2 billion yuan (US$116 billion), compared with a 9 per cent gain in November. Photo: Xinhua
Profits rose by 4.2 per cent year-on-year in December, the slowest rate since April 2020, to 734.2 billion yuan (US$116 billion), compared with a 9 per cent gain in November. Photo: Xinhua
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