
Chinese mainland industrial profits decline narrows for 2nd month
Profits of major industrial firms on the Chinese mainland fell 1.5% year-on-year in July, narrowing for a second month, led by an 18.9% surge in high-tech manufacturing.
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Profits of major industrial firms on the Chinese mainland fell 1.5% year-on-year in July, narrowing for a second month, led by an 18.9% surge in high-tech manufacturing.
China’s industrial profits dipped 1.1% year on year from January to May, offering insights for global markets, tech innovators, and supply chain planners.
China’s industrial enterprises reported a smaller profit decline of 7.3% in November, down from October’s 10%. Key sectors like nonferrous metals and electricity saw significant growth.