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China's industrial profits fall further in June

Summary

China's industrial profits continued to fall in June, data showed on Sunday, as entrenched producer deflation put more margin pressure on businesses in the face of subdued domestic demand and lingering global trade uncertainty. China's economy slowed less than expected in the second quarter in a show of resilience to U.S. tariffs. But punishing price wars among producers have prompted Beijing to pledge tougher regulations for autos and solar panels, among other industries engaged in cutthroat competition.

21 Articles

Financial Post

Lean Right

Chinese Steel Profits Recover as Beijing Targets Overcapacity

(Bloomberg) — The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the year if the government delivers on its pledges to tackle overcapacity.

8 hours ago·Canada

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politika.rs

Lean Right

Chinese Industry Declines 4.3 Percent in June, Continuing Downward Trend

China's industrial output fell 4.3 percent in June from a year earlier, continuing a downward trend that had been 9.1 percent in May, the National Bureau of Statistics of China announced today.

19 hours ago·Belgrade, Serbia

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U.S. News

Lean Left

China's Industrial Profits Fall Further in June

19 hours ago·New York, United States

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WION

Center

China’s industrial profits keep shrinking in June as price wars take a toll

Persistent deflation and intense price competition are eroding margins despite a resilient GDP. State owned firms reported a 7.6% profit drop, while private companies’ profits grew slightly.

19 hours ago·Noida, India

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