The cumulative profit of major industrial enterprises in China fell by 3.5 per cent YoY to $735.41 billion in the first three quarters of 2024, official statistics show.
In September alone, profits dropped by 27.1 per cent YoY.
Factors contributing to the decline include a notable rise in the YoY comparison base since August, insufficient effective demand and declining industrial product prices.
In September alone, profits dropped by 27.1 per cent YoY.
Factors contributing to the decline include a notable rise in the YoY comparison base since August, insufficient effective demand and declining industrial product prices.
