China's industrial profits drop further as COVID woes take toll on economy
Source: Reuters
Jan-Oct industrial profits -3.0% yr/yr vs -2.3% in Jan-SeptRisks from domestic COVID outbreaks and global recession flaggedBEIJING, Nov 27 (Reuters) - China's industrial firms saw overall profits decline further in the January-October period as COVID-19 outbreaks flared up and cities imposed new virus curbs, including targeted lockdowns, dampening economic activity.Industrial profits fell 3.0% in the first 10…
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