China’s industrial profits fell by 3% in the first 10 months

The National Bureau of Statistics (NBS) of China reported that profits of Chinese industrial enterprises declined in the period from January to October this year.

According to the report, profits of Chinese industrial enterprises fell 3% year-on-year to 6.98 trillion yuan in the January-October period.

The data is a survey of large industrial companies in China with annual sales of at least 20 million yuan (about $2.8 million) in their core business.

Leave a Reply

Change Language
%d bloggers like this: