China’s industrial profit growth slows due to high commodity prices, coronavirus, component shortages

Profits at China’s industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, the coronavirus and shortages in some key components.Profits rose 10.1 per cent year on year to 680.3 billion yuan (US$105 billion) last month compared with a 16.4 per cent gain in July, data from China’s statistics bureau showed on Tuesday.Momentum in the world’s second-biggest economy has weakened in recent…

Share this:

What do you think?

Written by Headlines

Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

Leave a Reply

Your email address will not be published. Required fields are marked *

US murders rose 30 per cent in 2020, FBI reports

Hong Kong ‘Tiananmen Vigil’ Group Disbands Citing Chinese Pressure