December 27, 2024 01:38 GMT
CHINA: The Malaise for China Industrial Companies Continues.
CHINA
- China’s industrial profits for November fell -7.3% y/y.
- This compared to the -10% decline for October.
- The year to date result was a decline of -4.7% at CNY6.6tn.
- This is the fourth consecutive month of declines, capturing the period from when stimulus measures were first announced and highlights the ever present malaise for Chinese industrial companies, driven by the declining property sector.
62 words