Economic Buzz: China Industrial Profits Down 2.1% On Year in Jan-August

27 Sep 2022 , 10:02 AM

China industrial profits declined by 2.1% yoy to CNY 55.25 trillion in the first eight months of the year, steeper than a 1.1% drop in the previous period. Profits at Chinas industrial firms shrank at a faster pace in January-August, as strict COVID restrictions and a deepening property slump weighed on domestic demand, adding to uncertainties about the faltering economy. Powered by Commodity Insights