China’s industrial profits shrink after two-month growth streak

China’s industry sees a 5.5% drop in October profits, ending two months of growth amid weak demand and falling mining returns.

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5 days ago

China’s industrial profits shrink after two-month growth streak

China’s industrial profits shrink after two-month growth streak
China show industrial profits fell 5.5% year on year in October, reversing gains seen in the prior two months. The contraction is attributed to weak domestic demand and a slowdown in mining profits, which dragged overall corporate performance. Officials warned the slump may signal deeper structural challenges for China’s manufacturing sector and encouraged policy support to stimulate consumption.