China’s industrial profits fall 17.8% in August amid weak economic growth and property slump
Friday, 27 September 2024 ()
China’s industrial profits plunged 17.8% in August compared to the previous year, signaling growing concerns over the country’s economic slowdown. The sharp decline, reported by the National Bureau of Statistics on Friday, comes after a brief recovery in July when profits saw a 4.1% year-on-year increase — the fastest pace in five months. This drop […]
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