#China Industrial Profits Drop in August as Slowdown Deepens

from bloomberg.com: Profits at industrial companies in China declined last month for the first time in two years as a slowdown in the world’s second-largest economy deepens. Total profits of China’s industrial enterprises fell 0.6 percent from a year earlier in August, the National Bureau of Statistics said today in Beijing. That compares with July’s 13.5 percent increase and is the first drop since August 2012, based on previously reported data.

Leave a Reply