China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November
20 Articles
20 Articles
China's industrial enterprises' profit decline narrows in Nov
China's industrial enterprises saw a smaller decline in profits in November, with the total profits for major industrial enterprises falling by 7.3 percent year on year to 799.4 billion ($109.5 billion) from October's 10 percent, according to CGTN calculations based on data released by the National Bureau of Statistics on Friday.
China's November industrial profits narrow decline but 2024 likely worst year in decades
China's industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption.
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