Free Trial

The combined profits made by China's.....>

CHINA DATA
CHINA DATA: The combined profits made by China's largest industrial companies in
December fell 6.3% y/y, reversing the 5.4% gain in November, according to a
statement by the National Bureau of Statistics (NBS) released on Monday. On a
calendar year basis, industrial profits for 2019 also declined 3.3% y/y due to
weak market demand, falling industrial product prices and rising costs, the NBS
said. Profit losses in the steel, chemical, automotive and petroleum processing
industries dragged down the total profit growth by 7.4 percentage points,
according to the NBS.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.