28-09-2022, 07:37 AM
Not really something to celebrate when one is selling more for lesser profits. It means difficult selling ahead when they will have to sell harder to get ends meet.
Quote:China's industrial profit declines accelerate as demand weakens
BEIJING, Sept 27 (Reuters) - Profits at China's industrial firms shrank at a faster pace in January-August, as strict COVID restrictions and a deepening property slump weighed on domestic demand, adding to uncertainties about the faltering economy.
Industrial profits fell 2.1% in the first eight months of 2022 from a year earlier, after a 1.1% drop logged in January-July, according to data from the National Bureau of Statistics (NBS) released on Tuesday.
https://www.reuters.com/markets/asia/chi...022-09-27/
Omi.. Thank you for bumping up the message.