SHANGHAI (Reuters) - Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.

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BING NEWS:
  • China’s Recovery Picks Up as Stimulus Measures Sink In
    with exports topping expectations and industrial profits returning to growth. While the recent run of positive data will help lift the immediate pressure on China’s leaders, who recently set a ...
    03/30/2024 - 3:43 pm | View Link
  • China’s factory activity adds to signs of recovery
    Analysts said the goal was ambitious and would require increased stimulus support. But industrial profits in the January-February period hit a 25-month high, according to data released on Wednesday.
    03/30/2024 - 1:01 pm | View Link
  • China’s Xi Seeks to Soothe Anxieties of American CEOs
    Chinese leader Xi Jinping, facing a slowing economy and a sharp fall in foreign investment ... that the economy may be stabilizing. Industrial profits rose more than 10% in the first two months ...
    03/27/2024 - 2:21 am | View Link
  • China's industrial profits return to growth as conditions stabilise
    BEIJING, March 27 (Reuters) - China's industrial firms posted higher profits in the opening months of the year, official data showed on Wednesday, reinforcing signs that an economic recovery was ...
    03/26/2024 - 1:00 pm | View Link
  • Xi Jinping tells US CEOs that China’s growth prospects remain ‘bright’
    Xi had met US business leaders in November during a dinner that was ... China’s economy is showing signs of stabilising, with industrial profits up 10.2 per cent for the January-February period ...
    03/26/2024 - 1:00 pm | View Link
  • More

 

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