China's industrial profits fell 27.1% in September, the largest monthly decline of 2021.
China's industrial profits fell 27.1% in September, the largest monthly decline of 2021, following a 17.8% drop in August. For the first nine months, profits decreased by 3.5% year-on-year. Contributing factors include weak demand, declining producer prices, and a high comparison base from the previous year. In response, Chinese policymakers are implementing stimulus measures, such as interest rate cuts, to support the economy.
October 27, 2024
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