Reuters: China’s industrial profits fall 5.3% in September

(Reuters)”The drop was mainly due to factors such as a decline in the ex-factory price of industrial products and slowdown in sales growth, said Zhu Hong, a senior statistician with the NBS.

Profits for state-owned firms slipped 9.6 percent in the first three quarters of the year.

The most impacted sector was the oil, coal and other fuel processing industries, where profits fell 53.5 percent in the January-September period”…Read more

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