Reported about 15 hours ago
In 2024, profits among China's industrial firms saw a 3.3% decline, marking the third consecutive year in the red, as official data revealed on Monday. The decrease reflects ongoing challenges for policymakers amidst a struggling economy, exacerbated by tariff threats from the new Trump administration. While industrial profits briefly rebounded by 11% in December year-on-year, the overall economic landscape remains burdened by a weak property market, low domestic demand, and fragile business confidence.
Source: YAHOO