Reported about 1 month ago
In September, China's industrial profits fell 27.1% year-on-year, a sharp increase in decline compared to August's 17.8%. This ongoing drop reflects the strain of deflation on corporate financial health, prompting the government to consider fiscal stimulus measures. The economy grew by 4.6% in the third quarter, its slowest rate since March 2023, despite signs of recovery in some sectors, such as high technology.
Source: YAHOO