- According to data from the National Bureau of Statistics, industrial enterprises’ profits in China declined 3% from the same period last year.
- The COVID-19 outbreaks in China and the threats of a worldwide economic slowdown, according to the bureau, “may increase pressure on the recovery of industrial earnings.”
- 22 of China’s 41 key industrial sectors saw a fall in profits.
China’s industrial profit drops 3% between January and October due to a new COVID-19 outbreak.
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