Reported about 10 hours ago
China's industrial profits fell 4.3% in June compared to the previous year, following a 9.1% drop in May, reflecting ongoing producer deflation and weak domestic demand. The National Bureau of Statistics reported that first-half profits also declined by 1.8%. Amidst intense competition, particularly in the auto and solar panel sectors, Beijing is considering stricter regulations to mitigate price wars. Experts suggest that while recent government measures may help combat these issues and stimulate consumer demand, overall economic recovery from deflation may take longer than in the past due to various challenges, including job losses.
Source: YAHOO