11:38 - 27.10.2023

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October 27, Fineko/abc.az. In China, industrial companies’ earnings have grown.

ABC.AZ reports that the growth was recorded last month.

After an unexpected increase in profits of Chinese industrial companies by 17.2% in August, in September this growth was 11.9%.

According to the National Bureau of Statistics (NBS), for the first 9 months of the year, profit decreased by 9% compared to the previous year. For the first 8 months, the decrease was 11.7%.

The data highlights the challenges the Chinese economy is facing amid weak signs of recovery from the pandemic.